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
Monthly Archives: March 2015
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 →
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Property Division
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Alabama farmers might want to consider prenuptial agreement
Preparing for marriage is an exciting time in a couple’s journey through life. At times, however, issues involving personal assets, future inheritances or land ownership come into play, potentially changing adventure to stress if a couple is not careful. Farmers and ranchers preparing for marriage in Alabama might want to consider a recent trend that many landowners are following across the nation. Signing a prenuptial agreement, some say, provides a means of security and prevents potential worries for a soon-to-be married couple. A recent article stressed the potential value of a prenup in the event that a future marriage becomes dissolved through separation, incapacitation or death. Laws differ by state; therefore, it is wise for a couple to consult a legal professional with experience in the execution of similar contracts in the state in which they reside. When a farm is involved, various issues affect whether it will be seen as … Continue reading Alabama farmers might want to consider prenuptial agreement →
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Prenuptial Agreements
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