Marriage is a legally binding contract. It is one of the biggest decisions you will make. When you marry someone, you are committing to share your life with them, support them and be legally responsible for them. Your assets, debts and income will become jointly...
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Do you have to sell your business when you get a divorce?
As you confront the reality of divorce, it is not just the assets you share with your spouse that come under scrutiny but also the concrete manifestation of your life's work: your business. You have built your enterprise from the ground up, investing your time, money,...
Is it possible to modify division of property post-divorce?
In Maryland, property division agreements can be used to distribute marital assets and debts in a fair and equitable manner. The law takes into account the contributions and earning capacities of both spouses. These agreements can either be a part of the divorce...
3 common mistakes to avoid in a high-asset divorce
Everyone makes mistakes. Unfortunately, even a minor oversight in a high-asset divorce can quickly escalate into financial ruin. A high net worth divorce entails a significant marital estate valued at $1 million or more, often including businesses, investments, rare...
Do not let emotions drive your divorce decisions
Intense emotions in a divorce often affect financial choices. Hasty decisions based on anger, sadness or resentment might lead to selling assets without careful thought. People might agree to bad financial deals or miss important money details. So, it is vital for...
What are common factors considered in a business valuation?
When a business is one of the marital properties in a high-asset divorce, the stakes become significantly higher. While circumstances vary, spouses often do not have equal contributions to the company. One spouse may be more involved than the other. As such, complex...
Do you have to go to court to divorce in Maryland?
One of the many reasons that people delay filing for divorce is that they hate the idea of going to family court. The idea of testifying about what happened during the marriage and letting a judge decide what happens with the property the couple shares and/or the...
Dividing the pie: Understanding property division in a divorce
One of the most challenging and contentious issues every divorcing couple must address is how to divide mutually-owned property and assets. It can be a complicated and overwhelming process, depending on the type of property involved and the circumstances of the...
What is a marital settlement agreement?
A marital settlement agreement is a legally binding contract between two spouses that hopes to resolve disputes. They can draft a marital settlement agreement before or after they file for divorce. In Maryland, spouses can enter into a marital settlement agreement if...
Family use personal property in Maryland
All the property spouses acquire from the start of the marriage until the divorce settlement is marital property. In Maryland, the law takes a step further to define “family use personal property.” From the name itself, family use personal property comprises...