Dividing assets (real or personal property) during a divorce can be stressful, to say the least. Deciding who should acquire assets such as houses, retirement plans, life insurance policies, brokerage accounts, businesses, etc., can prove to be difficult because each spouse likely feels entitled to certain things, much of what might be the same. With property… Continue reading Understanding Property Division: Tax Impacts
Property division is typically a big issue in most divorces. Every case is different, and there is no hard fast rule or formula in dividing property. In Alabama, the Courts generally accept a fair and reasonable property division so long as both parties have agreed to it. However, if both parties cannot agree, the Court… Continue reading Understanding Property Division: The Basics
Getting divorced can be a complicated process, but it doesn’t have to be. Knowing what to expect can help ease the pain and stress of the divorce process. Below are five of the most frequently asked questions by people contemplating divorce. 1. How much will getting a divorce cost me? Typically, you can gauge the… Continue reading What To Expect When Contemplating Divorce (Part One)
With divorce and separation, it’s essential that you take steps to protect your personal credit rating and credit score from the very beginning. If you ignore your financial obligations or fail to separate your joint accounts, it can be hard to open new accounts or obtain loans in your individual name. Experian offers the following steps to protect… Continue reading Divorce and Your Personal Credit Score
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