As you get closer to retirement age, you may start considering the financial resources you’ll rely on in retirement. For instance, perhaps your spouse has a high-paying job and has been earning a pension. Once they retire, the two of you could use that pension to...
Divorce
Understanding the challenges of a high-asset divorce
A high-asset divorce presents unique challenges due to the complexity of dividing significant wealth and assets. Unlike standard divorces, these cases involve multiple legal, financial and emotional hurdles, which require careful navigation to protect the interests of...
How to modify a child support order in Maryland
With the right guidance, modifying a child support order in Maryland can be straightforward. Whether your financial circumstances have changed, or you believe your current child support arrangement is no longer fair, here’s how to proceed. Determine eligibility for...
Why consider divorce mediation?
There are many ways to settle a divorce. Traditionally, divorcing couples may have opted for litigation. However, this often involves lengthy court battles, extensive costs and high stress. Nowadays, alternative options, such as mediation, are becoming more popular. ...
How to remain positive during divorce
Staying positive is one of the most recommended and effective strategies for those going through a difficult time. But does it work during divorce? Can you stay positive when the person you hoped to be with forever will no longer be in your life? Yes, you can. Here...
Can your family business survive divorce?
If you run a family business, you may be concerned about its future in the event of a divorce. Will you have to close shop or let go of something you hold dear? Well, not quite. While it depends on your situation, the end of your marriage does not necessarily mean the...
What if your ex is remaining “voluntarily impoverished?”
When most people divorce and are likely to pay alimony (known as spousal maintenance in Maryland) and/or child support, they recognize their responsibilities and are prepared to live up to them. Unfortunately, some people try to hide money and even convince the court...
How Maryland divorce law changed last fall
Laws related to divorce change more often than many people realize. Sometimes, it’s to keep up with changing attitudes, such as recognizing that women shouldn’t be presumed to have a greater parenting role after divorce or that permanent alimony shouldn’t be ordered...
Property division in divorce if a spouse refuses to sell the house
When you have decided to part ways with your spouse, you must work out an agreement regarding numerous settlement issues. For example, if you have children, you must craft an agreement regarding child custody issues. In a high-asset divorce, challenges may arise...
How a forensic accountant can help during a high-asset divorce
Divorce is a complicated endeavor, especially when a significant amount of assets are involved. Maryland courts want to ensure a fair and equitable division of assets; however, this becomes complicated when one party isn't forthcoming regarding their financial status....