Divorce can be complex, especially when dividing high-value assets such as jewelry. If you are facing this situation, you might wonder how to approach the division of these precious items. Below are considerations that may help you navigate this delicate process....
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Uncovering hidden assets in high net-worth divorces
When a marriage involving high-value assets ends, financial matters can get complicated. Sometimes, one spouse might try to hide wealth, making it hard to divide things fairly. Uncovering hidden assets becomes not just a matter of financial security but of justice and...
5 essential documents to gather for a high-asset divorce
Divorce is often an overwhelming emotional rollercoaster. These feelings usually intensify when substantial assets enter the picture. Knowing which documents to prepare can ease your anxiety and streamline the process. Below are five essential documents you'll need at...
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...
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...
If some assets are primarily for the kids, can we share them?
Divorce is complicated, challenging and emotionally draining. It can also be financially draining, particularly when it comes to dividing assets. Maryland law divides marital property in a way that is fair (equitable distribution), but this can make the property...
Does asking for a prenup mean I do not trust my partner?
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...
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,...
What do couples do with their marital home during divorce?
Buying a home together is a common marital investment. It is also a common source of conflict when couples decide to divorce. The home people own together is a source of precious memories and may also represent a sizable portion of someone's personal wealth....
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...