Property division and debt distribution represent among the most contentious aspects of a Maryland divorce. Property division issues potentially become even more acrimonious when a divorcing couple jointly owns a business. If you co-own a business with your spouse and...
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Property Division
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...
Tips for dealing with debt in a divorce
On Behalf of Abney at Law, P.C. | Jan 12, 2021 | Property Division
If you are considering getting a divorce in Maryland, you may be concerned about property division. However, you may not have thought about what to do about debt, and this can cause even more issues than dividing assets. Check your credit Your first step should be to...
Why is a postnuptial agreement important?
On Behalf of Abney at Law, P.C. | Jan 9, 2021 | Property Division
Just like prenuptial agreements, postnuptial agreements are legal documents that enable spouses to plan for a divorce. In Maryland, the rate of writing a postnuptial agreement is rising. The agreement is made to define property gained during and before the marriage....
Dividing rewards points during your divorce
On Behalf of Abney at Law, P.C. | Jan 4, 2021 | Property Division
When you get divorced in the state of Maryland, you'll have to divide up all your marital assets with your former spouse. This includes large properties like houses, cars and savings accounts, but it also includes smaller assets that you wouldn't normally think about....
Dividing marital property and debt in a divorce
| Apr 27, 2020 | Property Division
Although every divorce case in Maryland is different, with unique issues in each case, there is one issue that is almost universal in all divorce cases: property and debt division. Some divorcing couples may not have children and, therefore, there are no issue of...
How can you divide your property during divorce in Maryland?
On Behalf of Abney at Law, P.C. | Sep 11, 2019 | Property Division
Dividing your property may not be easy, depending on how long you've been married and how intertwined your finances are. Maryland is an equitable distribution state, so you and your spouse are not guaranteed to receive 50% of your marital property. Instead, you will...
Know Maryland’s laws to make property division easier
On Behalf of Abney at Law, P.C. | Jul 5, 2019 | Property Division
Maryland is an equitable distribution state, which means that you and your spouse will need to divide your property equitably upon divorce. Since there is no law to require you to split your property equally, there is no guarantee that you will receive half of the...
A prenuptial agreement can make property division easier
On Behalf of Abney at Law, P.C. | May 9, 2019 | Property Division
By now, most people understand that prenuptial agreements are for everyone and not just for the very wealthy. Still, you might not be sure whether signing a prenup is right for you. There are still many misconceptions about what a prenuptial agreement does...
Property division doesn’t have to derail gray divorce
On Behalf of Abney at Law, P.C. | Mar 15, 2019 | Property Division
The face -- and age -- of divorce in America is changing. More than ever before, couples over the age of 50 are coming to the conclusion that their marriages just are not working out. While there are no age limits on divorcing to pursue a happier life, individuals in...
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