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Property Division Archives

Property division among issues Alabama women may face in divorce

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.

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.

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.

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.

Do wealthy people face unique issues in a divorce?

A recent article suggested that not only do ultra-wealthy people have more money than the average person, they also face some unique issues pertaining to matters of family law. According to the report, a divorce can lead to the utter derailment of a wealthy couple's family legacy plan. Apparently, even when both spouses wish to hold the best interest of their whole family at heart, complications and battles sometimes arise during divorce proceedings. Alabama residents may wish to take note of the information provided in the article if they, or someone they know, is currently considering filing for divorce.

Tax issues sometimes affect division of assets in divorce

Alabama residents who are in the process of ending a marital union will want to take note of a recent article that discusses the various issues that may arise pertaining to different types of taxes. As couples negotiate the division of property and assets during the divorce process, they may have need of formulating agreements when it comes to issues involving federal tax refunds or liabilities with regard to jointly owned assets during the marriage. According to the article, seeking professional financial advice is advisable for those who wish to keep things as uncomplicated and amicable as possible.

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.

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.

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