A couple's goal when they walk down the aisle in Alabama is not only to get married but also to stay married. Unfortunately, this is not always possible due to irreconcilable differences that may crop up. However, a few tips can help those going through divorce to protect themselves financially during this type of family law proceeding.
Getting divorced is never really easy even in the most amicable of split-ups. After all, in addition to trying to sort out their emotions, the spouses who are splitting up have to sort out their finances, too. A couple of tips may help with this process during a divorce proceeding in Alabama.
The process of getting divorced can be tricky because both spouses may have different ideas about how their assets should be split. In Alabama, the divorce courts follow the concept of equitable distribution. Based on this concept, marital property is split in an equitable -- or fair -- manner, whereas separate property is not subject to equitable division.
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.
Even when a couple strives to save their marriage, sometimes their efforts are simply not enough. In these situations, divorce is necessary. One of the biggest myths surrounding the dissolution of a marriage in Alabama and elsewhere is that the money in a spouse's own bank account will remain his or hers following the divorce.
The U.S. Centers for Disease Control and Prevention has data showing that the rate of marital split-ups has been moving downward. However, just a look around one's social circle may reveal a very different story: Split-ups are still common. A couple of tips can help with protecting one's finances following divorce in Alabama.
A businessperson's worst fear when going through a marital split-up in Alabama is losing his or her ability to continue making money through the business in the future. After pouring their hearts and souls into their companies, businesspeople naturally want to do everything they physically can to safeguard their entities from divorce. However, giving up a portion of the business to a soon-to-be ex may be necessary if he or she took part in the company operations or gave up a career to stay home with the children.
Using dating websites and social media is an ideal way to make connections with other people, particularly following the dissolution of a marriage. However, these tools can also do damage during a divorce proceeding in Alabama. Therefore, exercising caution when using these tools, or staying off of them altogether, is critical.
The celebrity couple of Ben Affleck and Jennifer Garner will soon officially be no more. The two have been separated for two years now but recently filed for divorce. The divorce process in Alabama and elsewhere can understandably be stressful emotionally and financially, but amicably working toward a settlement in the best way possible may help to make it easier to navigate.
The divorce rate rises with age - or at least that's what new data suggests. The divorce rate is up among couples age 50 and older, commonly referred to as "gray divorce." While most people think of divorce and family law as involving child custody battles and visitation rights, a rising divorce rate among older Americans brings new considerations to the table.