Maryland's divorce laws require you to divide marital property fairly with your soon-to-be ex-spouse. Assets such as a retirement plan and house need division even if only one spouse provided the funding. If you regularly contributed a portion of your income to a...
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Divorce
3 things to know about alimony
Alimony or spousal support is a payment one spouse makes to provide financial stability to the other spouse after a divorce. Not every case will involve the court assigning alimony, but in cases where there is a notable difference in the finances of the two parties,...
3 tips for telling your children about your divorce
Telling your children that you have decided to divorce is one of the most difficult things you and your spouse will ever do. As parents, you do not want to cause your children pain. Nevertheless, it can hurt worse if they find out about it from someone else. The...
What factors determine alimony?
For couples considering divorce, finances are a huge part of the discussion. Alimony is among the many financial determinations that either the couple or the judge must decide. Alimony is money that one former spouse pays to support the other; the payments may be...
When one spouse secretly racks up debt
The term "financial infidelity" often conjures up images of one spouse hiding money from the other. The person might open a new bank account and not tell their spouse. Into the new account goes money that one person never knows about. A person planning to file for...
Is digital spying a problem in modern divorce?
Divorce is often messy and you may feel pitted against your spouse. You both want to fight for what you want. In a contentious divorce, it is not uncommon for a spouse to try anything to get the upper hand. According to NPR, you should take a moment to consider if...
How do you repair your retirement plan after your divorce?
Divorce can take a huge toll on your retirement plans because you have to divide all your assets. Often, this means that you lose some of the money you had for retirement. You may not feel it too badly if you are younger, but if you are closer to retirement, then you...
How are marital assets divided in divorce?
If you are facing divorce, you may be dealing with a good bit of anxiety concerning the property division phase of the process. Some couples believe they have little in the way of property to divide while others have significant assets and worry about resulting...
Financial pitfalls to beware of in divorce
Spouses that go through a divorce have the task of dividing their marital property between them. This can be a stressful time, so it is easy for a divorcing couple to neglect some important financial planning. People may end a marriage but also come out of it with...
What does a court consider when awarding alimony?
Alimony is a payment the court awards to one spouse and which the other spouse pays. The idea behind this is to provide a spouse who has the less stable financial situation after the divorce with financial support to allow him or her to become self-supporting. The...
