Asset Division Following a Divorce
AV® Rated Birmingham Divorce Lawyer
The longer a couple is married, the more difficult it can be to equitably
divide their assets during a divorce. The division of assets can be determined
by mutual agreement, often with the assistance of a mediator, or through
judicial decree. At Shaw Family Law, our
Birmingham divorce attorneys work with you to determine the best means forward. If we see an opportunity
to protect your assets while sparing you the trauma and expense of a trial
we will pursue that option.
What Is Considered Marital Property?
In Alabama, any property that is obtained by either spouse while they are
married is considered marital property. There are only a few exceptions
to this rule. Additionally, property that was individually owned prior
to marriage can become marital property during the course of a marriage.
Exceptions to normal marital property rules include:
- An inheritance individually received by either spouse
- A third-party gift individually received by either spouse
- Compensation related to a personal injury reward
Property that began as separate property can become marital property if
the other spouse it titled in or it is deposited into a joint account.
A divorce lawyer can help you better understand the differences between
separate property and marital property.
Trusted Birmingham Divorce Attorneys Since 1987
Shaw Family Lawyers have been practicing family law in Birmingham since
1987. We work closely with our clients to give them a complete and accurate
picture of all their marital assets, even if their spouse has been working
to conceal marital property. Those decades of experience helped Attorney
Paul B. Shaw, Jr. write the book,
Saving Your Assets When You Can’t Save Your Marriage.
High-worth families throughout Birmingham have come to Shaw Family Lawyers
for help sorting out their marital assets. To put our knowledge and expertise
to work for you, talk to one of our Birmingham divorce lawyers today.
Contact us online or call (205) 259-7650 to schedule an