Going through a divorce involving significant assets can be a challenging process. One key step in preparing for a divorce is conducting an inventory of your assets. It is important to go over steps you should take to make sure that you have a comprehensive list of...
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Property Division
What you need to know when divorcing without a prenup
Prenuptial agreements are valuable in divorce because the parties involved have already agreed on various issues such as property division, child custody and alimony. After acquiring considerable assets, individuals considering divorce may wonder whether the absence...
How do courts divide investment incomes in a divorce?
Navigating through a divorce can be overwhelming, especially when dividing assets. One significant property concern divorcing parties have is the division of investments and their incomes. Understanding how courts handle the intricate process of splitting investment...
Understanding how retirement accounts are divided during divorce
Because of the financial value they hold and the potential future income they represent, retirement accounts are one of the important assets parties keep a close eye on during divorce property division. However, dividing retirement accounts is often overwhelming since...
The impact of indirect contributions on dividing a business
Marriage and business both require sweat, blood and tears. But when the business outlasts the marriage, things can quickly become contentious. Whether the business is a marital property acquired during the marriage or a separate property obtained before the marital...
Misunderstandings about property division
The Code of Alabama provides 12 grounds for divorce in the state, but only one is allowable for an uncontested divorce. Regardless of the reason for the divorce, couples must always figure out how to divide their assets and debts. Unfortunately, misconceptions and...
How are marital assets valued during an Alabama divorce?
It is typical for spouses to accumulate assets during the marriage, especially when the union has lasted for years. But while spouses can put a price on some properties, it may be more challenging to objectively put a value on other assets. Consequently, divorcing...
What happens if I receive an inheritance during my divorce?
Divorce is already a complex and emotionally draining process. When an inheritance enters the equation, it can further complicate matters and make it even harder for the divorcing couple. How does Alabama treat an inheritance received during divorce proceedings? In...
Things to know about equitable distribution
There are a variety of factors to address when preparing a strategy to preserve one’s wishes when facing the end of a marriage. Understanding what to expect from this process can be an integral aspect of creating a thorough strategy, but this might not always seem an...
Knowing what to expect from the property division process
There could be various essential topics to address when developing a strategy with which to protect your future when facing the end of a marriage. A similar life change could leave you with questions about how the outcome thereof might affect your finances and on what...