Divorce is a challenging and emotionally charged process, and one aspect that requires careful consideration is the protection of your retirement assets. Ensuring your financial stability post-divorce is important, and taking proactive steps can make a significant...
Blog
Asset division in Maryland divorce cases
According to the CDC, approximately 2.4 divorces happen out of every 1,000 marriages in Maryland. If you are going through a divorce, you may have preconceived notions about how the courts will divide your assets. Common misconceptions can lead to confusion and...
How to prepare your finances for retirement after a divorce
The end of a marriage often brings financial hardship, which can be especially challenging if you are near retirement age. CNBC reports that divorced men have a median household income of $38,000 during retirement, while their married counterparts have $67,404...
Reasons you may need an earnings withholding order in Maryland
Earnings withholding orders, also known as wage garnishment, are useful for enforcing child support orders. When a parent fails to pay child support or falls behind on their payments, you can seek a wage withholding order to ensure that child support payments arrive...
4 ways to prepare your kids for college after a divorce
Divorce can pose many new challenges for the entire family, especially when it coincides with a significant life transition like college preparation. As a parent, it is essential to provide support and guidance to help your kids navigate this new chapter successfully....
What are the types of alimony in Maryland?
The CDC reported that in 2022, the divorce rate in Maryland was 2.4 divorces for every 1,000 residents. Many of those divorces involved alimony. Alimony often comes into play in divorce proceedings to minimize any unfair financial effects one party might face. If you...
How to prepare your taxes after a divorce
Divorce can fundamentally alter how you prepare your taxes. From changing your filing status to accounting for child and spousal support payments, there are many new issues you must consider after your divorce. Understanding how divorce impacts your tax situation can...
Who gets the season tickets during a divorce?
Now that you have decided to divorce your spouse, you might wonder what happens to your season tickets. The answer might depend on whether your tickets are marital or separate property. Every state has its own laws when it comes to property division in divorce. The...
How gray divorce is a different process
People over the age of 50 are getting divorced more often than ever before. Gray divorce differs in a few ways from the divorce process for younger people or marriages that have not lasted very long. Complicated division of assets Gray divorces are older couples who...
What should I do with my social media during divorce?
Most Americans have some form of social media. There are many positives to it: social media makes it easier to keep in touch with friends and family who may be far away, and it can also be a great source of entertainment. However, social media use can cause you...