The process of getting divorced can understandably be painful. The fact that it involves many moving parts further complicates this ordeal for couples, particularly when the marital breakup is a high-asset divorce or involves young children. However, a few tips...
High-Asset Divorce
High-asset divorce, like any divorce, can be disruptive
Divorce is seldom easy and can be very disruptive, particularly when children are involved. One decision that often has to be made early in the process is whether to keep or sell the family home in Maryland. This can be a very emotional decision and also a financial...
Lack of financial knowledge can impact a high-asset divorce
Divorce can be very stressful and very expensive. There are steps that a person in Maryland can take to help assuage the financial stressors that can occur in a high-asset divorce. One of the most important things is to have awareness regarding both long and...
Is your spouse acting suspiciously about finances?
Maryland residents like you who are getting a divorce will need to keep an eye on your finances, especially if you have a high number of assets. This is because a spouse may be tricking you in order to hide assets so they don't have to give you an equal share.Forbes...
Property division includes debts as well as assets
Couples who make the tough choice to end their marriages know that the road ahead can be challenging. If you and your spouse in Maryland are in this position, it will be important for you to know how to advocate for your rights through every step of the process. A lot...
Do I have to pay my spouse’s student loans in a divorce?
Student loans have become almost essential for many people attending college today. There is a large number of Maryland residents who must make student loan payments for several years after graduating. Some people even continue paying student loan debt for decades if...
Divorce and your future wealth – or lack thereof
If you and your spouse in Maryland have made the hard choice to end your marriage, you know that now it is time to turn your attention to the logistics of untangling your lives. The experience of getting divorced touches every fiber of a person's life and the outcome...
What is asset valuation?
One of the most important things in a high-asset divorce is properly figuring out your net worth as a couple. The Maryland court will expect that you do a complete job of determining the value of all your assets so they can be properly divided. This is where asset...
Should you add a forensic accountant to your legal team?
If you and your high-asset Maryland spouse decide to end your marriage, you should be aware that some spouses attempt to hide marital assets during a divorce so as to not only prevent their spouse from getting his or her rightful share of them, but also to enhance...
Financial factors in a gray divorce
Divorcing residents in Maryland who are over the age of 50 or even over 60 when their marriage ends should take the time to consider just how their financial world will change. Getting a divorce when near or at the age of retirement can have severe financial...