Some spouses following a divorce do not need alimony for more than a few years. However, circumstances might require you to receive support for much longer, perhaps for many years to come. You may wonder what Maryland law has to say about your situation. Under state...
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Divorce
Understanding the role of a divorce financial advisor
A Maryland divorce brings with it significant financial implications, some of which may last a lifetime. A divorce is also arguably the biggest financial transaction you may ever have to make, so it pays to tread carefully along the way and give asset division and...
How do you handle the marital home in divorce?
A marital home serves as one of the biggest assets that a couple will have for the duration of their marriage and even potentially their life. This is why it is important for divorcing couples to understand what their options are when it comes to handling this asset....
Will a judge order a parent to pay for private school tuition?
If your child attends a private school, then you know how expensive tuition can be. After a divorce, it may be a struggle for you to continue to pay for this expense. However, you may not wish to change schools as it can cause a disruption in your child's life, which...
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...
Is your spouse trying to hide away some assets?
When dealing with a spouse attempting to hide assets, it is important to note what ways are the most popular to hide assets. In addition, what red flags should you keep an eye out for? Forgotten assets Forbes discusses some of the most commonly overlooked assets....
Communication and prenuptial agreements may help a blended family
A blended family consists of two divorcees bringing themselves and their children from past marriages into one family unit. It is an opportunity for growth and connection, but it can also be daunting. There are tons of factors to consider when remarrying, especially...
Could a divorce leave me with half of my spouse’s business?
Divorce court judges may approve of spouses dividing ownership of a business that started during their marriage. Maryland’s equitable distribution statutes allow you and your soon-to-be ex-spouse to negotiate a fair division of your marital property. As noted by...
What to avoid doing when preparing for divorce
Preparing for the divorce process poses emotional and logistical challenges for soon-to-be-ex spouses. To minimize conflict and achieve a fair settlement it is important to approach the process with care and consideration. Be wary of certain actions that may undermine...
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...