Divorce can be a challenging and emotional journey. However, proactive steps taken before filing that can streamline the process and reduce stress. In Maryland, couples can prepare by organizing financial records, understanding property classifications, considering...
In marriage, it is not just your lives that intertwine but often your finances as well. This blending of assets, known as commingling, could have significant implications if you ever face divorce. Understanding how commingling works and its potential impact on...
In Maryland, marital property generally includes any assets acquired during the marriage, regardless of whose name is on the title. This includes any commercial real estate property you purchased while married. During a divorce, the court may subject this asset to...
Of all the different aspects of a divorce case that Maryland residents go through, the property and debt division part is the one that will likely have the most consequential impact on finances going forward. Most married couples spend years – if not decades –...
The outcome of your divorce can shape your finances for a long time to come. Yet, there’s more than money involved when you decide to dissolve your marriage. As you well know, emotions can be entangled in the process, making it more difficult to find a way out of your...
Divorce can be a challenging process, particularly when it comes to dividing assets, and especially when the divorcing couple has children. And, one way that some divorcing couples get through the process is by sharing assets. This raises the question, “Can they do...
Sometimes when Maryland residents go through a divorce, they have the tendency to get totally consumed in the moment – the emotions of it all, the changes in family dynamics and the thoughts about what they could have done differently. This is, of course, completely...
During a divorce, especially if emotions are running high, it can be easy to want to fight to keep certain property. For example, both spouses may feel strongly attached to the family home, especially if they have lived there for many years. Usually, a couple’s...
Perhaps they were at one time, but employer-backed retirement plans are no longer a benefit reserved for executives and government or union employees. Many if not most private employers in this state offer their employees a 401(k) or some other type of retirement...
If you are going through a divorce, unless you have children, your primary concern is likely how your property and assets will be divided. In Maryland, we are an equitable distribution state. This means that family law judges divide the marital estate fairly. Though,...