Although the end of a marriage can be stressful for any Maryland couple, those approaching their retirement years might find it can create a financial crisis. Issues such as health insurance, retirement plans and Social Security benefits could play a crucial role in...
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High Asset Divorce
The financial impact of later divorce on retirement
On Behalf of Abney at Law, P.C. | Oct 26, 2016 | High Asset Divorce
The rate of divorce for people over the age of 50 has climbed even though the rate of divorce for younger people has fallen. This trend of divorcing when people are older has had an outsized impact on their ability to retire, particularly for women in Maryland and...
Millions to divide in Jolie-Pitt divorce
On Behalf of Abney at Law, P.C. | Sep 28, 2016 | High Asset Divorce
By now, many Maryland residents have probably heard that Angelina Jolie filed for divorce from Brad Pitt. News of the actors' split was first reported by TMZ on Sept. 20, and Pitt quickly put out a statement saying that he was saddened, but the well-being of the...
Protecting a retirement account during divorce
On Behalf of Abney at Law, P.C. | Sep 13, 2016 | High Asset Divorce
Older adults in Texas may be more likely to get a divorce than their parents or grandparents were, and one big concern they may have throughout the process is what will happen to their retirement accounts. A study by the National Center for Family & Marriage...
How divorce affects Social Security benefits
On Behalf of Abney at Law, P.C. | Jul 20, 2016 | High Asset Divorce
Maryland couples who are getting a divorce should be aware that there are implications for Social Security benefits. This may be particularly significant in terms of the timing of the divorce if the couple are nearing the 10-year mark. If a couple has been married for...
How are inheritances treated during property division?
On Behalf of Abney at Law, P.C. | Jul 20, 2016 | High Asset Divorce
When a loved one dies, he or she might leave assets to a Rockville resident. If the heir is married but the other spouse was not mentioned by the decedent, whether the inherited assets become part of the marital estate is not automatically clear-cut. If the...
Financial considerations in divorce
On Behalf of Abney at Law, P.C. | Jun 20, 2016 | High Asset Divorce
Maryland fans of actor Johnny Depp might have followed the breakup of his marriage to Amber Heard. It has also been reported that Depp would be selling some of the art he has collected since the 1990s. However, this is probably unrelated to the divorce since the two...
Maryland divorce laws changing in small ways (for the better)
On Behalf of Abney at Law, P.C. | May 26, 2016 | High Asset Divorce
Most every state has some marriage and divorce laws that seem odd by modern standards. Back when divorce was highly stigmatized (not so long ago), legislators felt they could compel couples to stay together by making divorce as logistically difficult as possible. Some...
Getting a fair and sustainable divorce settlement
On Behalf of Abney at Law, P.C. | May 13, 2016 | High Asset Divorce
There are a lot of perceptions and clichés about divorce that simply aren't true. One of those myths is the idea that when going through a divorce, women are likely to "take their husbands for all they're worth." The truth of the matter is that many divorces...
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