Tag Archives: divorce and money
Transportation Costs to Exercise Visitation Are a Legitimate Reason for a Court to Reduce a Child Support Obligation in Alabama
Posted on 10. Mar, 2011 by Alabama Divorce Lawyer, Jim Jeffries.
In Alabama, the calculation of child support is governed by Alabama Rule of Judicial Procedure 32. ”Rule 32″ as it is called contains very specific instructions for how a non-custodial parent’s child support is to be determined. Once the calculation has been completed, judges are obligated to order that parent to pay that specific amount without deviation unless there is a [...]
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Your Credit History
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
I suggest that all of my clients in divorce cases check their credit reports. Many of them are surprised at how easy it is for an estranged spouse to obtain credit in their name without their knowledge. As of June 1, 2005, Alabama residents can get a free copy of their credit report at www.annualcreditreport.com. [...]
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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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10 Steps to a Money Smart Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
Here is a link to an article at MSN Money entitled 10 Steps to a Money Smart Divorce. The article generally contains good advice. Several of these steps are things that I routinely advise my clients to do (particularly the one about getting a copy of your credit report).
One word of warning though – one [...]
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Protection in the Event of Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
I came across two articles on the web regarding steps to take in order to protect yourself financially in the event of divorce. CNN Money has this article on how to Protect Your Wallet in a Divorce, while MSNBC explains how to Protect Your Business in a Divorce.
Thanks to fellow divorce law blogger, Stephen Knight [...]
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Financial Implications of Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
I came across this article from the St. Louis Post-Dispatch. It is has some very good advice about the financial implications of divorce. I especially echo the advice regarding both spouses having a complete understanding of household finances. Not only is it helpful in the case of a divorce as this article points out, but [...]
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Debt and Divorce
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
A recurring issue in my divorce practice is how to address joint indebtedness. Often the parties will agree that one party or the other will pay and be solely responsible for a debt that is in the parties’ joint names.
However, what most of my clients do not realize is that even if their spouse if [...]
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Divorce Preparation: Step 9 – Avoid additional debt or major purchases
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
Divorce Preparation: Step 9 – Avoid additional debt or major purchases
We continue our series on practical steps to take when you are about to face divorce. We are now to step 9 which is simple, but important:
Avoid additional debt or major purchases.
This suggestion goes hand in hand with assessing how to handle the credit accounts, [...]
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Divorce Preparation: Step 8 – Address the Credit Accounts
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
Divorce Preparation: Step 8 – Address the Credit Accounts
We pick up with Step 8 in our series on practical steps to take when a divorce is imminent. Step 8 is Assess how to handle the credit accounts.
If a divorce is imminent you do not want to be liable on any accounts on which your spouse [...]
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Divorce Preparation: Step 7 – Assess the Financial Accounts
Posted on 24. Apr, 2009 by Alabama Divorce Lawyer, Jim Jeffries.
Divorce Preparation: Step 7 – Assess the Financial Accounts
We continue with our series on steps to take when divorce is imminent. We are on to Step 7 which is Assess the Financial Accounts.
If you’ve completed the prior steps in this series, then you already know what accounts exist and what the balances are. You need [...]