Tag Archives: assets
Should You Keep the House in Your Divorce?
Posted on 29. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
This is a question that comes up quite a bit in my work with couples going through a divorce in Alabama. It can often be a very emotional decision. Well, I recently came across a blog by Kansas divorce lawyer Shea Stevens. Shea is posting some great material. One of her recent articles was on [...]
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Financial Planning for Divorcing Spouses
Posted on 28. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
The Daily Breeze recently published an article on the finanical planning that divorcing spouses should consider. The article suggests that in addition to having good divorce attorneys involved, that divorcing spouses should also consider involving a “divorce savvy” finanical planner. One of the soundest pieces of advice that the artilce suggests is also something I [...]
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Division of Retirement Assets in Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
A prospective client recently asked me whether or not she could receive a portion of her spouse’s retirement account in her upcoming divorce. I explained to her that in Alabama, if the parties have been married for 10 years preceding the filing of the divorce complaint, the court has the discretion to award them up [...]
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Hidden Assets in Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
It is not unusual for spouses to attempt to hide or undervalue assets during the divorce process. Here is a list of areas to look for potentially hidden and undervalued assets. It is from Kansas family law blogger Grant Griffiths. If you think your spouse may be participating in this type of unethical conduct, be [...]
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Traps to avoid when things get ugly
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
MSNBC has posted an article on traps to avoid if things get ugly. It is called Covering Your Assets in a Divorce. It generally contains good advice, but here’s my favorite quote: If you want to be smart about divorce, do your homework and keep your emotions out of it. Splitting is rough enough without [...]
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Lesson: Get Retirement Money Immediately
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
The Alabama Court of Civil Appeals recently issued an opinion in Buchanan v. Buchanan which addressed the issue of market fluctuations in retirement accounts. The facts in the case are common: husband and wife divorce, wife is awarded 50% of husband’s retirement account, the parties and/or their lawyers do not process the Qualified Domestic Relations [...]
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Discovering Hidden Assets
Posted on 06. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
In your divorce case, you may hear your lawyer talk about the “discovery process.” Discovery is essentially the legal process by which lawyers can obtain information necessary for your case (such as assets, debts, income, and other factual information). This often will involve written requests to your spouse to produce certain documents, a request for [...]