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...
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High Asset Divorce
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...
Prenuptial agreements may be a good idea for entrepreneurs
On Behalf of Abney at Law, P.C. | Aug 11, 2017 | High Asset Divorce
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...
Business valuation in a divorce
On Behalf of Abney at Law, P.C. | Aug 3, 2017 | High Asset Divorce
When a Maryland couple gets a divorce, if one or both owns a business or if the two are co-owners, it may be necessary to get a valuation for the business. A skilled valuation analyst can do this. The couple also needs to decide whether they need a full valuation or a...
Considering the 401(k) plan in a divorce
On Behalf of Abney at Law, P.C. | Jul 6, 2017 | High Asset Divorce
Maryland spouses who are contemplating a divorce might be surprised to find out that it is possible to receive retirement benefits from their spouse's 401(k). While it is not normally legal for the funds of a 401(k) to be distributed to anyone other than the account...
Divorce and finances
On Behalf of Abney at Law, P.C. | Jun 7, 2017 | High Asset Divorce
Finances can be a significant concern when Maryland couples are ending their marriage. However, there are certain steps people can take to get ready. When considering financial advice, people should be cautious of any counsel that appears to be marketed as applicable...
Aisha Tyler agrees to pay ex-husband $2 million
On Behalf of Abney at Law, P.C. | May 25, 2017 | High Asset Divorce
Maryland residents who watch the show "The Talk" may be interested to learn that, on May 19, co-host Aisha Tyler agreed to pay her ex-husband $2 million. Tyler said that she her former husband had agreed to the terms of the divorce settlement and that she had not been...
Dealing with child custody following the death of a parent
On Behalf of Abney at Law, P.C. | Mar 29, 2017 | High Asset Divorce
The death of a Maryland custodial parent can be a difficult time for those involved. However, it can also be difficult to determine who the child will live with. Depending on the situation, a child may go to live with the noncustodial parent, a family member or a...
What to do with a family business in a divorce
On Behalf of Abney at Law, P.C. | Feb 20, 2017 | High Asset Divorce
Couples in Maryland who are business owners and who get a divorce might also need to decide what they will do with the business. Since the assets of both people may be largely tied up in the business, neither may be able to buy the other out. While a prenup or a...
Property division complexities during a divorce
On Behalf of Abney at Law, P.C. | Jan 6, 2017 | High Asset Divorce
Maryland couples who are facing divorce might be heading into the process with differing degrees of financial knowledge and power. Keeping this in mind might make property division more equitable. For example, spouses with more earning power may be able to more easily...
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