When going through a divorce in Maryland, the family court must divide your marital assets in accordance with state laws. Many factors go into this decision, but at the end of it all, each spouse will walk out with what's fair, depending on their unique circumstances....
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Court Orders Acceptable for Processing (COAPs)
On Behalf of Abney at Law, P.C. | Aug 2, 2022 | Divorce, Property Division
A Court Order Acceptable for Processing (COAP) is an important legal action in a divorce settlement. It governs the division of retirement assets for people who have worked for the government in the Civil Service Retirement System or Federal Employees Retirement...
Protecting your assets during divorce
On Behalf of Abney at Law, P.C. | Mar 24, 2022 | Property Division
Ending your marriage in Maryland doesn't have to equal a huge financial loss. There are plenty of methods that you can adopt in order to protect your assets. Some of them may require quite a bit of forethought and fancy maneuvering. It will be up to you to do all that...
How does a divorce impact your mortgage?
On Behalf of Abney at Law, P.C. | Mar 10, 2022 | Property Division
If you obtain a divorce in the state of Maryland, joint debts will likely be divided in an equitable fashion. However, it's worth noting that lenders are typically not obligated to abide by the terms of a divorce decree. Therefore, you may be responsible for paying...
Understanding marital property laws in Maryland
On Behalf of Abney at Law, P.C. | Dec 14, 2021 | Property Division
If your marriage is headed for divorce, one of the things that you will have to deal with is the division of property. Understanding the marital property laws in Maryland can help you prepare for the negotiations that might take place as you and your soon-to-be...
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...
How a military pension is divided in a divorce
On Behalf of Abney at Law, P.C. | May 20, 2021 | Divorce, Property Division
If you are getting a divorce in Maryland and you or your spouse are in the military, you probably know that there will several different issues to deal with that would not come up if you were both civilians. One of those issues is what happens to the military pension...
Military benefits for ex-spouses after divorce
On Behalf of Abney at Law, P.C. | May 11, 2021 | Divorce, Property Division
Depending on the length of your Maryland marriage and your spouse's military service, you might be eligible for certain military benefits when you divorce. Eligibility is based on the length of the marriage, the length of your spouse's military service, and how much...
May you retain your pension in a divorce?
On Behalf of Abney at Law, P.C. | Apr 18, 2021 | Divorce, Property Division
If you're going through a divorce in Maryland, you're going to have to go through the process of dividing up all of your marital assets. One very tricky area of separating assets is when it comes to retirement accounts like pension plans. In most cases, these plans...
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