Learning that their parents are going through a divorce is one of the most challenging things that can happen to a child. Both parents are going to have to think about ways that they can emotionally support their children during this major life transition. One of the...
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Preparing for divorce: Money, emotions and legal steps
Whether you’ve been considering divorce for a while or find yourself suddenly facing the reality of the end of your marriage, the road ahead can feel overwhelming. It’s natural to feel a mix of emotions - fear, relief, sadness and uncertainty about what comes next....
How are assets divided during a divorce?
Going through a divorce is already a lot, and trying to protect your finances and belongings can add even more to your plate. Protecting your assets requires careful planning and strategic legal guidance to ensure your future remains secure. Knowing what to expect can...
What is a marital settlement agreement and when do you need it?
Divorce can be a challenging and emotionally charged process for many people. For others, however, it is simply a formality. Some relationships end amicably, and divorce may just be a matter of deciding who gets what after they go their separate ways. This is what...
4 ways financial planning can boost your high-asset divorce goals
High-asset divorce can be a complex process. Spouses with significant assets must consider various factors, including property division and tax implications. If you are thinking about ending your marriage, you may wonder: How can financial planning support my goals in...
What are the advantages of a gray divorce?
Life is a journey filled with unexpected turns, and sometimes, these changes lead us to paths we never imagined. For many older adults, considering a "gray divorce" might feel like stepping into the unknown. While it can be a scary step to take, this decision can open...
What is a gray divorce?
Imagine reaching a point where you’ve raised your children, built a career and are looking forward to retirement. But then you realize that family life is no longer something you look forward to later in life. This scenario is becoming increasingly common and is...
How do you split retirement accounts during divorce?
Retirement is usually the last thing on anyone’s mind during divorce. However, when negotiations for asset division come up, you will need to think about your retirement plans. People with high net worth can have up to 55% of their total assets or wealth in retirement...
Do divorcing Maryland spouses need to prove fault?
People contemplating divorce often have many questions about the process. They don't know what rules apply to property division and child custody matters. They are unsure of how much the process costs or how long it might take to complete. In some cases, people are...
High-stakes splits: Challenges in dividing property during divorce
Dividing property can be one of the most stressful parts of divorce. In Maryland, the court tries to split property equitably, considering each spouse’s contributions to the marriage, financial situation and earning potential. However, this process can be particularly...