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...
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...
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...
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...
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...
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...
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...
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...
Divorce can be a complex process and diving further into the division of assets can make the process more intimidating. From family homes to retirement assets, the courts will assess all properties during the proceeding and determine whether they are marital, their...
Maryland is currently among a minority of states without a true “no-fault” divorce. Some state lawmakers are hoping to change that and to make the divorce process easier. They’re considering legislation that would do away with the current statutory grounds for...
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