Everyone’s priorities change to some extent as they move through their lives. That means the priorities of a couple who divorces in their 50s or older are likely very different than those of younger divorcing couples. One of those priorities usually revolves around...
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Divorce
What to consider when deciding how to divide the marital home
One of the biggest issues that you may face when you’re going through a divorce is the property division process. Oftentimes, the house is the largest asset that you’ll have to deal with. There are three primary options for the home: Sell the home One party buys out...
What happens when alimony payments aren’t made?
When alimony payments go unpaid in Maryland, it can lead to serious legal consequences. Alimony, also known as spousal support, is a financial obligation that one spouse may owe to the other after a divorce. If the payments stop or are missed, there are several steps...
Do you divide inheritance in a Maryland divorce?
When you divorce in Maryland, most marital assets are subject to property division. In other words, you may have to divide your marital home, cars, joint savings accounts and other assets you and your spouse acquired as a couple. If you have a sizable inheritance,...
What type of divorce is right for you?
Choosing the right type of divorce can make the process more manageable. Maryland law offers different divorce options, and understanding them can help you determine what fits your circumstances. Uncontested divorce An uncontested divorce occurs when both spouses...
How can you protect your credit score during and after divorce?
Divorce can impact many aspects of your financial life, including your credit score. Understanding how to safeguard your credit during this transition is essential for maintaining your financial independence and stability. Separate joint accounts early Joint credit...
How non-financial contributions can affect alimony in Maryland
When couples divorce, many people think that alimony is all about who earns more. But in Maryland, it's not that simple. The law recognizes that sustaining a marriage and a family involves more than just bringing home a paycheck. What does the court consider? Even if...
Breaking the news: how to explain divorce to your children
Divorce can be a challenging experience for families. The conversation requires sensitivity and care when it comes to telling your children. It's essential to approach the topic with empathy and honesty to help your children understand and cope with the changes. 1....
How has divorce changed in the post-Covid years?
The COVID-19 pandemic reshaped many aspects of life, including relationships and marriages. The years following 2021 have shown interesting divorce trends that reflect how people adapt to post-pandemic realities. Let's explore some noteworthy statistics about divorce...
5 ways to rebuild your finances after a divorce
Divorce can be challenging, both emotionally and financially. However, it can also be an opportunity to take control of your financial future. Focusing on a few key steps can help you rebuild your finances and achieve stability. 1. Assess your financial situation...
