While a divorce might sever legal ties between a husband and wife, there are many things you need to do. You’ll have to settle your separation by dividing your property and you’ll have to come up with custody arrangements if you have a child.
Arkansas law assumes that each party is entitled to half of the marital property. Property includes items such as your home, bank accounts, life-insurance policies, furniture, bonds and anything else of value.
Does the court divide your property in Arkansas?
There is a presumption that each party is entitled to half of the marital assets, and that’s what will happen in a court. However, you and your spouse have the option to determine a different arrangement. You can sit down and negotiate a settlement where you get 60 percent and they get 40, for instance, but this has to be agreed upon by both parties.
Most judges will approve any agreement you come up with, but it has to be fair. Do your best to prove why the arrangement needs to be the way it is, so the judge has no reason to reject it.
Does Arkansas recognize alimony?
Arkansas laws do allow for alimony payouts. You and your spouse can agree to an amount for alimony, or you can ask a judge to determine if alimony is fair in your case. Alimony is calculated using the expenses each spouse has, the assets they maintain and their incomes.
Is a divorce expensive?
Divorces can be expensive. If you are not contesting the divorce, the initial filing fee is $100. There may be few fees other than that. However, if you and your spouse cannot agree, then the cost of your divorce will rise. You may have high attorneys’ fees, and expenses for accountants or detectives, among others.
If you are going through a divorce, it’s not always easy to know what to expect. It’s usually a good idea to go to your attorney for a consultation at the very least. You can sit down and discuss what you need to go through with the divorce and how the divorce will proceed once it’s filed.
With the right information about a divorce, it’s easier to work through the situation with your spouse. It may be complex, but separating a marriage is possible as long as everyone is focused on the final outcome.