How Divorce Impacts Your Finances
Divorce Impacts On Your Finances - From An Alabama Attorney During the divorce process, it is important to provide accurate financial information to the circuit court as part of the disclosure requirements. This information plays a crucial role in the division of assets between you and your spouse. It is a critical time to contact a trusted divorce lawyer to help represent you in these challenging situations. In general, any property owned by a specific spouse will be awarded to that spouse upon divorce. The remaining assets will be assessed by the trial judge who, with the assistance of both parties' attorneys, will aim to divide them as fairly as possible. The judge will take into consideration the financial information provided when making decisions regarding the distribution of property. In many cases, the judge will consider the financial circumstances of each spouse when determining how to allocate property. For instance, if one spouse has a higher income, they may receive a