The process of getting divorced in Alabama is complicated emotionally, legally and financially. Splitting property that has been accumulated during divorce is often a particularly contentious aspect of the dissolution of a marriage. However, it is possible for a couple going through divorce to pursue the division of property on their terms rather than on a judge’s terms.
When working with an attorney, gathering essential financial and legal documents prior to meeting with the attorney can be immensely helpful. This will help to provide a detailed overview of all the assets and property that will most likely be sources of conflict during the divorce proceeding. The documents that need to be gathered fall under several categories.
When it comes to property issues, important documents to gather include those involving real estate, business assets or professional practices. Other essential documents include business and individual income tax returns dating back five years, and proof of both parties’ incomes. In addition, if the couple created a prenuptial agreement prior to getting married, this is particularly important to gather up, as it spells out how the couple has already agreed to have their assets split in the event of a divorce.
An attorney in Alabama can offer guidance during the process of divorce mediation or collaborative divorce — for example, two alternatives to traditional litigation. Through these types of processes, a divorcing couple can work toward a settlement that satisfies both parties. For instance, perhaps one spouse can keep the family home, whereas the other one can keep a bulk of the retirement assets. An attorney will strive to ensure that one’s rights and best interests are safeguarded when it comes to the division of property and even debt during a divorce proceeding.
Source: findlaw.com, “Checklist: Issues To Discuss With Your Divorce Attorney“, Accessed on July 27, 2017