Divorce can raise concerns about protecting inherited property, especially under Alabama’s equitable distribution laws. While the courts aim for a fair division of marital property, understanding strategies to keep inherited assets separate can make a significant...
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Property And Debt Division
How to address retirement savings during an Alabama divorce
The decisions that people make during a divorce can affect their financial stability and lifestyle for years to come. Financial resources acquired during the marriage are at risk of division during the divorce unless couples already have an agreement in place. Either...
3 solutions for the marital home in an Alabama divorce
Those who are planning a divorce in Alabama often worry about their finances. Dividing property is an intrinsic element of divorce, and people's economic circumstances will change significantly as a result of this process. Generally speaking, couples either agree...
How do married couples divide debt during Alabama divorce?
Married couples typically share everything from their meals to their retirement savings. They can achieve a much higher standard of living by combining their resources and maintaining one joint household. Of course, even with two streams of income, many married...
How is property division handled in an Alabama divorce?
Marriage may be about love, but divorce is largely a financial transaction – and one of the biggest things that couples have to do is figure out how to divide the marital property. In Alabama, the division of property is governed by the laws of equitable distribution....
What’s the value of a prenuptial or a postnuptial agreement?
A prenuptial agreement (also called a prenup) is a contract made between two before marriage that protects each party’s assets if there is a divorce. A postnuptial agreement ( commonly known as postnup) acts similar to a prenup, by protecting property division in a...
Who decides the property division terms in an Alabama divorce?
Most people have heard at least one negative story about an unfair divorce outcome. While the story you heard may have been exaggerated or lacked details that would have given the outcome more context, you may worry that you will suffer a significant financial setback...
Can you keep your dog after a divorce?
Thinking a divorce can separate you from your dog can keep you up at night. You may have raised them since they were a little puppy. You trained and cared for them all their life. Now a divorce might be the thing that ends your care for them. This might get you...