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.
"During my 30 years in the practice of Family Law, I have seen it all. The diversity of my clients and their particular circumstances has given me a broad exposure to the various circumstances and events that ultimately bring a person to a divorce lawyer. My clients are beneficiaries of those years of experience, and the expertise I have gained along the way."
- Paul Shaw
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.