Alabama women who choose to end their marriages are most likely concerned with their future financial security and other important issues. Divorce can be complicated and stressful, and it is good for women to know that there is professional help available when they are planning to navigate the legal system. Assets that include cash, property and other items of ownership are taken into consideration when a settlement is being negotiated. Women will want to be aware that some assets are more difficult to divide than others. Disagreement sometimes arises between divorcing spouses where issues involving bank accounts, automobiles, real estate or other owned property are concerned. When items being considered for division are tangible and self-evident, the process is typically based on assessed values and is rather simple. Other assets, however, might not be so easily divided. Assets whose values might necessitate a professional evaluation when determining how to divide them … Continue reading Property division among issues Alabama women may face in divorce
Tag Archives: property division
Blake Shelton, Miranda Lambert divorce: Prenup helped
Those in Alabama who find themselves in court as their marriages come to a legal end typically face issues regarding the division of their assets and properties. Some say that property division in divorce proceedings might be made easier if soon-to-be former spouses signed a prenuptial agreement before marriage. A recent case involving a celebrity couple has been noted in the media. Country music icons Blake Shelton and Miranda Lambert are said to have shocked fans world-wide when they publicly announced their intentions to divorce after a 10 year marriage. Some who have reported the story claim that the couple’s divorce settlements were finalized in a very expeditious manner because they had signed a prenuptial agreement before tying the knot. Reports indicate that this has allowed them to proceed amicably and quickly reach peaceful agreements regarding the division of their assets. Both Shelton and Lambert are known in their small-town … Continue reading Blake Shelton, Miranda Lambert divorce: Prenup helped →
Keeping divorce amicable in Alabama
If asked their reasons for ending their marriages, former spouses in Alabama and throughout the United States would most likely offer a variety of answers to that question. In some situations, there are issues that evoke negative feelings and emotions, lack of communication and discord. Recent suggestions were given to couples involved in divorce to help them learn how to negotiate toward a peaceful settlement. A crucial point stated that a certain amount of cooperation is needed between the divorcing spouses if they are hoping for a positive outcome. Some have said that a bad settlement is a more desirable situation than a good trial. It is also said that it is always better for everyone involved if a good settlement can be achieved. Legal assistance can prove beneficial for those who have questions or concerns regarding particular laws or issues with proposed arrangements or agreements, and asking an experienced … Continue reading Keeping divorce amicable in Alabama →
Finances, children and property are all potential divorce issues
It is common knowledge that many married couples choose, at some point, to dissolve their unions. In states across the nation, including Alabama, approximately 40-50 percent of marriages end in divorce. Most couples involved in such circumstances tend to hope for a peaceful settlement and amicable parting of ways. It is also common knowledge, however, that this is not always the case. Divorce is often wrought with stress, and complex issues can lead to very unpleasant situations. Suggestions were recently offered in an article to help couples avoid some of the negativity that can arise when dealing with issues of property division, child custody and other things, such as finances. One practical tip is to remember that one can never change another person’s actions, only one’s own reactions to them. It is never healthy to lament over the successes, material riches or new circumstances in a former spouse’s life. A … Continue reading Finances, children and property are all potential divorce issues →
Attorney files contempt charge in Dunkel divorce case
Alabama readers may be aware of the divorce proceedings involving David Dunkel, the CEO of Kforce. After the divorce judgment was entered in another state, Dunkel’s former wife filed a contempt of court motion against him, alleging that he intentionally defied court orders relating to the case. Reportedly, the issue involves a court-mandated transfer of stock holdings concerning Kforce, a company with an estimated worth of $1.2 billion. The transfers would make her one of the top shareholders in the company, though both parties have apparently raised issues in the aftermath of the divorce rulings that will be addressed in an upcoming hearing. Apparently, the former husband transferred $8.2 million in stock to his former wife following a recent court order. She claims, however, that some $7 million worth of stock is still due her, prompting the contempt of court motion for willfully violating the court’s mandate. It is also claimed that … Continue reading Attorney files contempt charge in Dunkel divorce case →
Alabama legislation leads to new divorce strategies
In a recent article, a financial adviser agreed with one of his clients who said that the best way to accrue savings for retirement is to remain married to one spouse and stay in one house. Regardless, statistics prove that some marriages end in divorce. Most couples who divorce have a desire to do so amicably, hopefully reaching a peaceable compromise when it comes to issues such as division of property or child custody and visitation. Recent Alabama legislation led to a new type of collaborative agreement aimed at reducing courtroom disputes and increasing peaceful resolutions to issues faced during proceedings. The Uniform Collaborative Law Act (UCLA) was passed in Alabama in Jan. 2014. Several prioritized components are included in the process, meant to help couples as they negotiate issues that are often emotionally charged or complicated. Part of the agreement contracted by participating couples and their legal representatives is … Continue reading Alabama legislation leads to new divorce strategies →
Top tax tips for divorcing couples during tax season
Tax season is here. Do you know the top tax tips for divorcing couples? You may not be thinking about taxes if you are getting divorced, which can lead to potential problems in the future if you do not file your taxes correctly. Your tax filing can have a significant impact on your finances. It is important to be aware of the tax implications during your divorce so you know what factors to consider before filing your tax return. Taxes can be complicated, especially for couples getting divorced. Spouses often have many questions when it comes to their taxes when they are in the process of getting divorced or after their divorce has been finalized. There are several tax tips that a divorce attorney can help explain. However, here are the top three tax tips for individuals getting divorced or those who have recently gotten divorced: Decide on a tax … Continue reading Top tax tips for divorcing couples during tax season →
Language is important when it comes to a prenuptial agreement
Prior to marriage, many couples decide to enter into a contract which commonly determines property divisions and spousal support in the event of a future divorce. Alabama couples might be interested in a recent decision made by a court in another state. The ruling stated that one couple’s prenuptial agreement, executed abroad in 1997, is not valid because one of the spouses could not read the language in which the contract was written. At the time the agreement was executed, the bride-to-be relied upon a verbal translation offered by her fiance. The man in question is apparently worth tens of millions of dollars. The woman is said to have trusted the translation he gave of the prenuptial agreement. He represented that it would simply bar her from being able to lay claim to his parent’s riches if she divorced him. In 2012, when the woman started proceedings for divorce, she … Continue reading Language is important when it comes to a prenuptial agreement →
Prenuptial agreement can be beneficial for Alabama couple
Prior to saying “I do,” many modern couples are now signing prenuptial agreements. This is because couples are now realizing that a prenuptial agreement can help them avoid confrontation in the future. For Alabama couples who are heading toward the altar, a prenuptial agreement deserves serious consideration. Prenuptial agreements can be beneficial for many different reasons. One of those reasons is an inheritance. Having a prenuptial agreement in place is often reassuring to generous family members, such as grandparents, who may be concerned about the prospect of their assets being handed to an in-law in the event of a divorce. In addition, prenuptial agreements can help to soften the blow that a divorce could potentially deliver, since assets can increase and decrease throughout a marriage. This is especially true as financial success, incomes and bankruptcy are often completely unpredictable. For this reason, it is wide to avoid dollar-amount promises, instead one could … Continue reading Prenuptial agreement can be beneficial for Alabama couple →
A prenuptial agreement can help avoid court battles over pets
Prenups are becoming more common for newly engaged couples that wish to safeguard the assets they are bringing into the marriage and to provide for the division of marital assets if the couple ends up getting a divorce. A prenuptial agreement could potentially eliminate the need for Alabama couples to spend a significant amount of time and money in the courts if their marriage ends. Many people are also beginning to use prenups to deal with one other item that the law considers property — the family pet. People can spend thousands of dollars attempting to gain “custody” of the family pet, which can be problematic due to the fact that only Alabama’s property division laws apply in the courtroom. Who receives the family pet in a divorce is not argued or decided in the same manner as child custody issues. Who is the most fit to take care of the … Continue reading A prenuptial agreement can help avoid court battles over pets →