Alabama Sample Letter for Divorce - List of Liabilities and Assets
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How to fill out Sample Letter For Divorce - List Of Liabilities And Assets?
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FAQ
The 'Homewrecker' law, which is also called the alienation of affection lawsuit, is a law that enables someone to sue a third party for damages incurred due to the break up of their marriage.
Equitable distribution in Alabama Community property states split all marital assets equally in half without regard to how long the marriage lasted or who contributed what to the marriage.
Alabama is considered an equitable distribution state, as opposed to a community property state. What this means is property and debts shared by divorcing parties are divvied up in a way that is most fair and equitable.
In the state of Alabama, neither property nor debts are approached as a 50/50 split. Rather, Alabama identifies as an ?equitable distribution state.? This means that left up to the courts, the division of assets (property) and liabilities (debts) should be fair and equitable.
Under current Alabama law, a judge can make a decision on how the retirement plan is divided no matter how long the couple has been married for. This means that there is no set time period in Alabama that you have to be married before you are able to access your spouse's retirement in a Tallapoosa County divorce.
Alabama is an equitable distribution state, so the judge gets to determine who gets what based on what he or she believes is fair. That of course won't always mean a 50/50 split, though. Various factors, including how long the couple has been married, are considered.
Marital and Separate Property In Alabama, most property acquired during a marriage is going to be considered marital property. Thus, a house purchased by a husband and wife after marriage is going to be considered marital property that will be divided based on equitable distribution as determined by the court.
