Alimony is a common part of many Alabama divorce agreements. However, it’s rare for alimony to be permanent. It’s generally included with an end date in mind, whether that be a specific date, when the other partner begins gainful employment, or when the other partner remarries. If you think your spousal support payments should be […]
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The more you have entering or leaving a marriage, the more complicated you can expect your divorce to be. This is the case for both debts and assets, which is why so many people address these issues in prenuptial or postnuptial agreements. If you or your ex-partner have student debt acquired before or during the […]
In some divorce cases, the end is a slow crawl that is obvious to both parties. In others, one party is blindsided by the other’s announcement that they want to end the marriage. In the second scenario, the spouse who wishes to divorce sometimes adds insult to injury by wiping out the joint bank account […]
You and your spouse have contributed to your IRA throughout the course of your marriage, planning to spend your golden years together. Now that you’re divorcing, you are both entitled to part of that money. You may be wondering about avoiding the tax penalty imposed when you take the money out before age 59.5. Learn […]
For many divorcing couples, their children’s college funding is a priority during negotiations. It makes sense—college, even if your children attend public institutions, can be expensive. It’s often prohibitively expensive for children who don’t get parental support. If you’re determined to have your ex-partner pay for all or part of your children’s college education after […]
Divorce is stressful, anxiety-inducing, and painful—and that’s in the best-case scenario. When you’re divorcing someone with substantial assets, however, the stakes are even higher. You’re preparing to split from someone who can likely outspend you legally, has more knowledge of their assets than you do, and is determined to protect those assets. When divorcing a […]
One topic that frequently causes disputes in a divorce is the division of assets. In some cases, both parties feel entitled to more than they really deserve. In others, one party is willing to divide assets fairly but the other is not. Asset division is such a touchy topic that some people turn to hiding […]
If a wedding is on your horizon, you may be considering a prenuptial agreement. While many people believe that prenuptial agreements are only necessary for those with massive wealth or assets, a prenup can actually be a helpful tool for couples of all income levels. Although no one plans to divorce when they get married, […]
While some divorces are straightforward, easy to negotiate, and fast, others are bound to be more complex. Divorces in which one or both parties have ownership in a business are likely to be fairly challenging as marital property laws in Alabama may give the non-business owner the rights to some business assets. What should you […]
When you decide to get divorced, it seems like the tough decisions never stop coming. Unfortunately, this is also true when it comes to your final divorce settlement and taxes. A number of decisions you make regarding your divorce could impact your taxes for better or for worse. Before you agree to finalizing any aspect […]
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