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Dividing Assets in an Alabama Divorce
There are uncontested divorce in alabama-reliabledivorce.com/alabama-online-divorce of assets in Alabama: marital property and separate property. Community property is everything that a married couple acquires during the marriage. This consists of income, bank accounts, homes, cars and trucks, furnishings, etc. Separate property is anything that either spouse owned prior to the marital relationship or anything that was gifted to or inherited by one spouse throughout the marriage.
The initial step in dividing property is to figure out what type of property it is. If it's community property, then it will usually be divided relatively uniformly in between the spouses in the divorce. If it's separate property, then it will remain with the owner of that property.
The next part is to find out how to value the property. This is normally done by employing an expert appraiser. When the asset has been valued, the next action is to determine how to divide it between the spouses.
There are a few various methods to do this. The first way is to sell the property and divide the earnings evenly between the spouses. The 2nd method is to have one partner buy out the other partner's share of the property. The third method is to keep the asset and have one spouse pay the other spouse for their share of the asset.
How a court will Divide Community Property
If divorcing spouses can not reach an arrangement regarding how property will be divided, then a judge will have to make the decision. In Alabama, community property is usually divided equally in between the partners in a divorce. Nevertheless, there are some factors that a court will think about when dividing community property. These factors consist of:
· The income and income making capacity of each partner
· The age and health of each partner
· The monthly amount of child support or alimony that each spouse will be paying or receiving
· The separate property of each partner
· Any debts that each spouse has

· The requirement for one spouse to stay in the marital house
The court will also consider any other element that it thinks relates to the division of property.
Can Separate Property be Divided in a Divorce?
Separate property is typically not divided in a divorce. However, there are some situations where a court will divide separate property. These circumstances include:
· If the asset was obtained during the marriage and it would be unfair to not divide it
· If the asset is divided in order to equalize the division of community property
· If one partner requires the asset in order to have a place to live.
What about debt?
Financial obligation is usually treated like property in a divorce. This implies that it will be either be divided uniformly between the partners or it will remain with the partner who incurred the financial obligation. however, there are some debts that might be designated to only one spouse. These financial obligations include:
· Debts that were sustained for luxury products
· Financial obligations that were sustained for medical expenditures
· Debts that were incurred for education costs
· Debts that were sustained throughout the marriage but only one partner gained from them
A court will also consider any other factor that it believes is relevant to the allocation of debt.
Reaching a Settlement Agreement with Your Partner

If you and your partner can reach a settlement agreement on how to divide assets and debts, you will save considerable money and time by not having to litigate these issues in court. In addition, you do not face the unpredictability of having a judge decide how your property and financial obligation is divided. Lastly, by reaching an arrangement with your spouse on the terms of your divorce, you have the option of utilizing an online Alabama divorce service rather than having to employ a lawyer. As a result, making a real effort to come to an arrangement with your spouse on the terms of your divorce is absolutely worth it in the long run.



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