How are assets divided in a divorce in Alabama?
Alabama is an "equitable distribution" state, which means that marital property is generally divided in a manner that the court deems fair and equitable, but not necessarily equal. Marital property typically includes assets and debts acquired during the marriage, while separate property generally includes assets acquired before the marriage or through inheritance or gift.
Here are some key factors that may influence the division of assets in an Alabama divorce:
Equitable Distribution: The court will consider various factors to determine a fair distribution of assets, such as the length of the marriage, the earning capacities of each spouse, contributions to the marriage (both financial and non-financial), and the conduct of each spouse during the marriage.
Marital and Separate Property: Marital property is subject to division, while separate property generally remains with the spouse who owns it. However, commingling of assets or using separate property for the benefit of the marriage can complicate this distinction.
Alimony: The court may also consider spousal support (alimony) when determining the overall financial arrangement. This can impact the distribution of assets.
Debts: Marital debts are also divided during the divorce process. The court will consider factors such as who incurred the debt and the purpose of the debt.
It's important to note that each divorce case is unique, and the outcome can vary based on the specific circumstances involved. Consulting with a family law attorney in Alabama is crucial to understanding your rights and obligations in your particular situation. Dixon Law can provide guidance based on the specific details of your case and help you navigate the legal process. Call attorney Sam Dixon at (205) 616-8896 for a free consultation.