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high-asset divorce Archives

Navigating high asset divorce

For Maryland residents going through this complex life chapter, divorce is typically no cake walk. Difficulties can arise especially within high asset separations, which can require extra time and consideration. While ex-spouses can agree on some aspects, there are other issues that seem as if they will never be resolved. Below are some typical concerns in regard to high asset divorce and some of the most commonly made mistakes. 

What are the grounds for a fault divorce?

Residents in Maryland can file for either a no-fault divorce or a fault divorce. The former may require a separation period of a full year before the absolute dissolution of marriage is granted. However, if grounds for a fault divorce can be proven, you may be able to obtain the divorce faster in some cases. It may also help in the division of marital property or determining spousal support.

2018 last year for current tax structure on alimony

Many people in Maryland who find themselves struggling in their marriages often wait some time before rushing into the decision to get divorced. This is with good reason given all that is involved in ending a marriage. Among the many factors that spouses might consider when deciding what to do with their marriage is how their financial situation might change. This could involve everyday expenses as well as those paid less frequently such as taxes.

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