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August 2017 Archives

TSPs in divorce

Federal employees living in Maryland may have some special concerns during divorce proceedings. Many federal employees have what is known as a Thrift Savings Plan, which can be counted by the courts as a marital asset. If it is considered a marital asset, one's spouse may be entitled to a portion of the funds as part of the divorce settlement.

Divorce often hits women harder than men

Although going through a divorce is difficult for many Maryland coupoles, the ending of a marriage often hits women harder than men. This is due to the fact that, overall, women earn less than their male counterparts. Further, traditional gender roles, such as women staying in the home to provide child care, often put them at an economic disadvantage when they get divorced.

Prenuptial agreements may be a good idea for entrepreneurs

Maryland entrepreneurs who plan to get married may want to sign prenuptial agreements so that they can protect their businesses in the case that they later get divorced. Without prenuptial agreements, their former spouses may end up holding greater legal interests in their businesses than the entrepreneurs intended.