Jones, Hawkins, & Associates, LLC
Call For A Consultation: 334-625-1754
Call For A Consultation: 334-625-1754

December 2018 Archives

Studies find joint custody beneficial

Some divorcing parents in Alabama might wonder what type of custody arrangement is best for children. Barring circumstances such as abuse or neglect, most studies have found that children fare significantly better under joint custody. This seems to be the case even when they are toddlers or infants.

How paying off debt can help a marriage

Alabama couples planning to tie the knot might want to get out of debt before getting married. For those who are already wedded, it's a good idea to make tackling debt a priority. According to a survey by Fidelity, over half of couples are already in debt when they enter a relationship. Around 40 percent of respondents said that financial burdens created a relationship strain. There are also cases in which couples do not start out in debt but they fall into it as they buy things in an attempt to save a strained marriage.

Dividing 401(k) assets with a QDRO

Alabama couples who are going through a divorce should be mindful of potential mistakes that can cause real problems when they divide their 401(k) assets. One of the greatest sources of conflict in a divorce is the division of 401(k) assets as retirement funds are often a divorcing couple's greatest source of income. When a 401(k) is improperly divided, there may be steep tax penalties. In some cases, improper 401(k) division can even mean one spouse receiving far more to which he or she is entitled.

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