While there are many difficult topics to tackle when going through a divorce, dividing property may be one of the most challenging. It is hard to distribute property that you have accumulated throughout your marriage, as you may have gotten attached to certain items....
Property Division
How will divorce impact retirement accounts?
Retirement accounts are often assets to be divided between parties in divorce. Parties can avoid paying taxes on the division if they know how to properly describe their accounts in their divorce decree. An improper label can result in paying taxes, and the burden...
Planning for a smooth transition during a divorce
For some Alabama residents, a divorce may add a considerable degree of stress to an already complicated living situation. To help accomplish a smooth transition from a married to a single household, two soon-to-be ex-spouses may work out a plan for dividing their...
Do I need a QDRO if I am going through a ‘gray divorce’?
“Until death do us part” is not the outcome of every marriage in the Montgomery area. However, getting divorced when your nearing or at retirement age -- referred to as a “Gray Divorce” -- looks very different from the divorce of younger couples in their 20s or 30s....
What happens to the family home in a divorce?
When a Montgomery area couple feels like their marriage is over it can be a difficult time. Emotions are high and there are many things that need to be figured out. The property division portion of a divorce can be the hardest to work through. What to do with the...
What are the consequences of hiding assets?
Alabama couples like you often face many hurdles when going through divorce. Not only do you have to deal with the mental stress of the split, but you must handle the legalities, too. Issues revolving around your finances and assets are often the most complex of all....
What happens to our family business in a divorce?
If you and your spouse jointly own a family business and subsequently decide that you will no longer remain married, you must now figure out what to do with your company in addition to how you will separate your personal lives. In making choices about your business,...
Who gets to keep the pet in a divorce?
Among the many challenges you may face when getting a divorce is the potential loss of your treasured pet. If you and your spouse both want to keep your dog or cat, you may need to negotiate and figure out how to make the right choice for you and your pet. Some states...
Scared of your prenuptial agreement? It might not be valid anyway
As we’ve discussed previously on the blog, a prenuptial agreement can be a great way to protect your financial interests in the event of divorce. Although many people are worried that these documents anticipate divorce, thereby starting a marriage off on the wrong...
Debt management during a divorce
Any person who has gone through a divorce or who may be in this process of getting divorced now knows that there is no aspect of this experience that is easy. Separating from a partner impacts every aspect of life and carries with it emotional as well as financial...