Experienced Alabama Property Division Lawyers
Property division is one of the most contentious issues associated with divorce. It is one of the primary reasons contested divorces end up being litigated. At Gina H. McDonald & Associates, L.L.C., in Birmingham, Alabama, we are committed to helping our clients work through complex property division matters. While we are skilled trial lawyers, we strive to facilitate property division agreements that do not require litigation.
If you have Questions about Marital Property Division,
Please contact Gina H. McDonald & Associates at (205) 453-4497
Alabama is an equitable distribution state. That does not mean that marital assets will be divided equally between the two parties, rather the court will determine what is fair given the circumstances and distribute the assets accordingly. This uncertainty is the reason why we stress mediated divorce settlements or uncontested divorce.
Whether a divorce is contested or uncontested, our firm starts by determining which assets are marital assets and which assets are separate. Separate assets, those not subject to equitable distribution, typically include gifts, inheritances, and assets owned prior to the marriage. We put a tremendous effort into the discovery process, seeking out bank accounts, analyzing financial statements, talking to financial advisors, and accessing the value of stock, bonds, and retirement accounts to determine the value of any separate assets. In cases where there is a suspicion of hidden assets, we work with CPAs, forensic accountants, and other specialist to help us track concealed assets.
Our attorneys regularly work with accountants and CPAs to determine the value of closely held or family owned businesses. We are committed to determining the value of all the marital assets to ensure our clients are granted an equitable distribution of the marital assets.
Contact our Skilled Property Division Lawyers
If you are considering divorce and have questions about property or asset division, please contact Gina H. McDonald & Associates, L.L.C. We can be reached by phone at (205) 453-4497, by e-mail, or by filling out the confidential in-take form on our Contact Us page.