What is division of marital property?

Division of marital property is the process of how assets and debts are split between the two spouses during a divorce. In Alabama, the state follows an equitable distribution system, meaning the marital property will be divided in a way that is fair, but not necessarily equal. This means that the court will divide the property in a manner that they believe is fair, taking into consideration how much each spouse earned during the marriage, the length of the marriage, and various other factors. Marital property consists of assets and debts that were acquired during the marriage, including homes, vehicles, savings accounts, pensions, debts, and any other property that was obtained during the marriage. During the division of marital property, the court may award one spouse a larger share of the marital property if they believe it to be appropriate. In some cases, one spouse may be required to make alimony payments to the other spouse; this will also be taken into consideration when dividing the marital property.

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