Asset & Property Division
Alabama Courts strive to divide property equitably during a divorce. An equitable property division is one that is fair, and it is not based on an equal split, or who holds a title or deed. Rather, each person has an interest in any marital property, and an equitable division is one that is fair and reasonable.
This process can be very difficult and complex, especially if one or both spouses fail to cooperate, or if a party attempts to hide assets as a means of keeping them out of the settlement.
Free case evaluations are available to those who want personalized advice from a Birmingham family lawyer.Protect Your Property With a Birmingham Divorce Attorney
At the Gossman Law Firm, LLC, we will work closely with you and help you assess your options during the property division process. Attorney Richelle Gossman will help you consider some of the facts that the court will use before making a final decision, such as current and future earning potential, health and age, duration of the marriage, and contributions to the acquisition of marital property. Marital property includes all property acquired by either or both parties during the marriage, regardless of the form in which title is held, and subject to the exceptions below.
Generally speaking, all but the following is considered joint marital property:
- Anything individually owned before the marriage
- Anything excluded by a valid prenuptial agreement
- Anything received by gift or inheritance
- Anything received in a personal injury settlement
Gossman Law Firm, LLC brings valuable insight and experience to the negotiation process. Where possible, we'll keep you out of the courtroom. If that is not possible, we provide you with the representation you need. We offer skilled guidance through your property division issues, and help our clients protect their property and assets.
To schedule a free consultation with a divorce lawyer, contact us today at (205) 422-0704.