High interest rates and a somewhat volatile stock market can have significant implications for the division of assets in a high-asset divorce – and that can make your divorce process more difficult. The financial complexities can exacerbate the challenges of reaching...
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Divorce
Is a pension at risk during a late-in-life divorce?
Married couples in Alabama generally combine households and bank accounts. They share income and credit cards, which makes dividing their finances challenging if/when they decide to divorce. The most valuable assets in a marital estate will typically be what spouses...
What if divorcing spouses disagree about what a home is worth?
Dividing property in a divorce can devolve into a battle between spouses or it can progress as a collaborative process. The personalities of the people involved and their pool of resources will likely influence how they handle they handle this challenge. More valuable...
Will divorce impact your child’s college dreams?
Many children will experience emotional stress when their parents divorce. For those who have previously had a stable, happy childhood, the divorce of their parents may be the first and most severe trauma in their lives thus far. Divorce can affect children's health...
Proving freelance income to get more in divorce
Getting a divorce from a freelancer may put you in a frustrating position. Even if you know that they make a significant amount of money, proving that they have a balanced, regular income can be difficult. Still, you will want to be sure you know what they actually...
Can you move away with the children after an Alabama divorce?
Life moves on after an Alabama divorce, sometimes in ways that you can hardly expect when you first file. Perhaps you finally find a house that you can afford on your own, or maybe you have a job offer that would allow you to better provide for yourself and the kids....
Dividing stocks: Your 2 main options
As you go through a divorce, you will need to divide at least some of your assets. If you have investment assets, you may find that you need to divide them even though they may not yet be vested. There are two main options that you can use to divide assets like stock...
How are retirement assets divided during an Alabama divorce?
Marital assets are divided “equitably” during a divorce under Alabama law. Those assets include retirement plans owned by either spouse, and the process can be highly complex for high net worth spouses. Alabama once protected retirement benefits unless a divorcing...
How does the court determine joint custody of a child?
Getting divorced involves making difficult decisions, especially those regarding the custody of your child. Kids usually struggle when only one parent has custody of them, which is why the courts in Alabama always consider joint custody as an option. However, the...
4 surprising things about ‘gray divorce’
It used to be that divorce was mostly for younger people who have only been married for a few years. But today, the highest divorce rate is highest among people aged 55 to 64 at around 43 percent. While many people who get divorced in middle age are on their second...