“Alabama is an equal distribution state, which means when it comes to your marital community property (like a car), you will split equity but not necessarily get exactly half of everything.
For example, if you have $10,000 of equity invested in the vehicle during your marriage, you each should get around $5000, but one of you may decide to keep the car while the other gets $5,000 of value from another asset.
Equal distribution only applies when parties don’t come to a separate agreement about assets. So if your spouse agrees that you can keep the vehicle, all you’ll need to do is transfer the title, registration, and car insurance
into your name. In the meantime, if you don’t have access to the vehicle, you may consider leasing, so that you don’t put equity into another asset before the divorce is finalized.
While it adds another thing to think about during your divorce, you should consider reviewing your insurance policy. If you and your spouse need to get separate policies, it’s a good time to shop for the best rates.
Finding car insurance can be stressful, but it doesn’t have to be. Try using the free Jerry
app to compare rates from the top 50 companies and get the best deals delivered to your phone in minutes. Jerry will even do all the paperwork for you, such as transferring your information from your current provider and cancelling your old policy for you.”