Divorce causes many major changes for people in Maryland, especially when it comes to their finances. A lot of things may be uncertain during the divorce process. Here’s what you can do to take back control of your finances. Action items Divorce causes changes that...
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High Asset Divorce
Divorce asset division and executive compensation
On Behalf of Abney at Law, P.C. | Aug 12, 2021 | High Asset Divorce, Property Division
High earners in Maryland may have additional considerations when they decide to divorce. While people of any financial status or profession may struggle with the emotional, practical and legal considerations that come with the end of a marriage, property division is...
Life insurance and your divorce
On Behalf of Abney at Law, P.C. | Jul 26, 2021 | High Asset Divorce, Property Division
Life insurance can be an issue in a Maryland divorce. Sometimes, the marital separation agreement will require each spouse to maintain a certain amount of life insurance coverage. In some cases, ex-spouses may have life insurance on each other. This can be...
Is cryptocurrency considered a marital asset?
On Behalf of Abney at Law, P.C. | Mar 25, 2021 | High Asset Divorce, Property Division
It may seem surprising, but an increasing number of couples in Maryland have had to figure out how to divide cryptocurrencies during their divorce. In recent years, cryptocurrencies like Bitcoin have experienced a massive surge in value. This makes them a valuable...
How ‘standard of living’ factors in to high-income divorces
On Behalf of Abney at Law, P.C. | Jan 24, 2019 | High Asset Divorce
When divorce becomes a reality, couples are faced with determining which party will receive maintenance (alimony) and at what amount. There are many factors that go into the decision, of which “standard of living” is only one. Some people believe the...
Can a forensic accountant be helpful in your divorce?
On Behalf of Abney at Law, P.C. | Aug 3, 2018 | High Asset Divorce
In divorce cases that are financially complex, there are specialists who you can call upon for assistance. Your marital assets may be extensive, and your spouse may know more about them than you do. If you suspect that he may not be entirely transparent in terms...
Dissipation and other fraudulent pre-divorce activities
On Behalf of Abney at Law, P.C. | May 30, 2018 | High Asset Divorce
There could be several reasons for your decision to end your marriage. Perhaps the issue of trust is one of them. You may have found that your spouse lied to you on several occasions. For example, although he says otherwise, you believe that he has been depleting...
Have all your assets been identified pending distribution?
On Behalf of Abney at Law, P.C. | Apr 2, 2018 | High Asset Divorce
If the property distribution phase of your divorce is coming up, you may have concerns as to whether your spouse has appropriately listed all the marital assets. Your spouse is in business for himself. He has done very well, but has he done better than he lets on? You...
TSPs in divorce
On Behalf of Abney at Law, P.C. | Aug 18, 2017 | High Asset 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...
Divorce often hits women harder than men
On Behalf of Abney at Law, P.C. | Aug 14, 2017 | High Asset Divorce
Although going through a divorce is difficult for many Maryland couples, 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...
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