If you and your spouse are considering divorce or are going through the divorce process, one of your biggest concerns is what could happen to your business. Whether one or both of you run the business, the community may have an interest in it, and it will likely need to be considered in the division…
Maryland is an equitable distribution state, so both spouses are required to disclose all assets and debts during a divorce, even those they believe are their separate property. However, even with these disclosures, it’s not uncommon for a spouse to hide money or assets during a divorce in an attempt to keep it for themselves. …
Unfortunately, many mothers and fathers find themselves co-parenting with someone who is constantly causing problems. The source of this issue may very well be narcissism, a well-known disorder in popular culture. Narcissists may have diagnosed or undiagnosed narcissistic personality disorder, or they may simply display narcissistic traits that don’t quite meet the full criteria for…
A prenuptial agreement, or ‘prenup’ is a legal agreement created and signed by two people before they get married. Prenups protect each spouse’s assets, as well as clearly stating each spouse’s responsibilities regarding martial and premarital debts. A crucial element of the prenup is making sure each spouse is taken care of financially in the…
There’s a trend of older individuals getting divorced in Maryland. Known as a ‘gray divorce,’ mature couples, typically baby boomers, will decide to split after 20 to 30 years of marriage. In fact, according to Pew Research Center, the divorce rate of couples who are over 50 years old has doubled since 1990. Essentially, more…
Do I still have to pay my mortgage after divorce? Yes, if you have a mortgage you must continue to make payments after your divorce. This is one of the most common divorce and mortgage questions because many people mistakenly believe divorcing their partner negates their obligation to pay their mortgage. Whatever the circumstance –…
(Columbia, MD) One of the most common questions we get asked by people facing a divorce or separation is: how do I calculate alimony in Maryland? In the State of Maryland, as with most states, alimony was traditionally awarded to the wife in a divorce proceeding. Often it was expected that she would be unable…
Aside from the emotional gut punch that a divorce can bring, the financial burden is often one of the scariest parts for most people. We get asked all the time for advice about how to best prepare for a divorce financially. While there is no cut-and-dry solution for making the divorce process affordable, there are…
A common question that we get asked early in the divorce process is: Is Maryland a 50/50 divorce state? While the question seems straightforward, the truth is that the term “50/50 divorce” requires clarification. Ultimately, the answer depends upon which issue we’re referring to: child custody or property division. Issue #1: Child Custody One area…
