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Divorce and the Sharing of Digital Assets in Alabama: Legal Strategies for Equitable Distribution
/in Divorce & Family Law/by Kirk Drennan LawThe digital revolution has transformed every aspect of our lives, including the way we approach divorce. In the past, dividing assets during a divorce primarily focused on tangible property such as real estate, vehicles, and personal belongings. However, with the rise of the digital age, a new category of assets has emerged: digital assets. These […]
Beyond the Balance Sheet: Protecting Your Family Business During a Divorce
/in Divorce & Family Law/by Kirk Drennan LawDivorce is never easy, but when there’s a family business involved, the difficulties are multiplied. Every decision the divorcing couple makes affects not just them and their kids, but their family business and everyone who relies on that business for an income. When you find yourself in this position, working with an attorney with experience […]
Navigating the Division of Rare and Valuable Collectibles in High Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawHigh-asset couples often have a unique and complex variety of assets that must be accounted for during a divorce. This is one factor that often makes high-asset divorces far more challenging and time-consuming than a standard split. If you’re facing divorce in Birmingham and you’re concerned about your rare and valuable collectibles, it’s important to […]
The Role of Prenuptial Agreements in Protecting Family Heirlooms and Assets
/in Divorce & Family Law/by Kirk Drennan LawNo one ever thinks they will need any prenuptial agreements, which is why they’re still relatively uncommon among engaged couples. However, with roughly half of all marriages ending in divorce, a prenup can protect the things that you hold near and dear to your heart. Of course, in many cases, this means real estate, savings […]
The Legal Implications of Grandparents Visitation Rights in Divorce Cases
/in Divorce & Family Law/by Kirk Drennan LawGrandparents are at risk of being left in the lurch during a divorce or custody battle in Mobile, AL. In some cases, parents use this time to bring up preexisting issues with grandparents and advocate for a limited time with them. In others, parents use a grandparent’s time with their grandchildren to hurt their co-parent. […]
Relocating With Children After a High Asset Divorce: What You Need to Know
/in Divorce & Family Law/by Kirk Drennan LawDivorce can simplify many aspects of your life, but parenting is not one of them. Co-parenting is challenging, even in the most amicable and flexible coparenting relationship. When you throw in an issue like relocation, your communication skills may be pushed to their limit. If you are considering relocation with your children, it is crucial […]
Do I Have to Tell My Ex or the Court If I Receive a Large Inheritance?
/in Divorce & Family Law/by Kirk Drennan LawWhen you get divorced, you get a certain amount of freedom from your ex. While you may still have children to co-parent together or share financial responsibility via child support or alimony, a divorce should give you some breathing room. But what happens if you receive a sizable inheritance? Does it have the potential to […]
The Impact of Divorce on Executive Compensation Packages and Stock Options
/in Divorce & Family Law/by Kirk Drennan LawCouples with substantial incomes or high-valued assets often have a long journey ahead of them when it comes to divorce. These circumstances can make the division of assets much longer, due to the challenges associated with fair valuation and equitable division. That’s why it’s important to work with a high-net-worth divorce lawyer in Birmingham if […]
Protecting Your Venture Capital Interests in High Asset Divorces
/in Divorce & Family Law/by Kirk Drennan LawWhen a divorce involves an individual or couple with an unusually high net worth, the financial details of that marriage often take months to unwind or figure out. People with this level of wealth often have an intricate financial portfolio containing many different types of assets. Creating an inventory of those assets, determining whether they […]
Fractional Ownership and Divorce: Timeshares, Jets, and More
/in Divorce & Family Law/by Kirk Drennan LawThe concept of fractional ownership is one that is often useful in divorce with high-value or unique assets. Fractional ownership grants both parties a percentage of ownership, which also allows them usage and income-sharing rights. For some parties, this is the ideal way to own an asset that they would otherwise not be able to […]