The McKeon Law Firm
Experience with a Personal Touch
Call to Schedule an
Initial Consultation 301-417-9222

Offices in Gaithersburg & Bethesda

  • Facebook
  • Twitter
  • LinkedIn
Practice Areas

Posts tagged "real estate"

pic1
pic2
pic3
pic4
pic5
pic1
pic2
pic3
pic4
pic5

A personal approach for even the most complex high asset divorce


Divorce is never easy, even when it's a mutually agreed-upon decision. Even in the simplest divorce, there are strong emotions and asset division issues to contend with. In high asset divorces, there are often retirement plans, real estate, business assets, expensive vehicles and other complex issues to deal with. No matter what you own, no two divorces are the same, which is why a personalized approach is key.

How does a high asset divorce impact my tax liability?


When Maryland couples divorce, there are many issues regarding property division. This is especially true in the case of a wealthy dissolution. There are often multiple homes, stocks, bonds, retirement plans and much more to split up. There are often many disputes about asset division because of the tax implications involves - something that most couples don't think about. Find out how a high asset divorce can affect your tax liability.

A high asset divorce is complicated; don't do it alone


Maryland couples who have been through a divorce can attest that the process can be very expensive. In order to save as much money as possible, some couples may try to settle everything without help from a lawyer.

Types of property involved in a high asset divorce


No matter how long a Maryland couple has been married, a divorce can still be emotionally draining. Divorces, however, are often easier when the couple has only been married a year or two. After this short amount of time, most couples do not accumulate much in terms of assets. They probably do not have kids together or even a house. However, when couples have been married for decades and suddenly divorce, things become more complicated. A lot can happen in that length of time. Couples may have started businesses, or accumulated collectibles and other assets of value. There are many types of property potentially involved in a high asset divorce.

Melanie Griffith and Antonio Banderas in for a high asset divorce


Celebrity divorces are nothing new for most Maryland movie fans. However, many may be shocked by the recent divorce filing by Melanie Griffith. She is seeking a divorce from Antonio Banderas, her husband of 18 years. Although the split is reportedly amicable, with $50 million in assets at stake this has the potential to become a complicated high asset divorce.

Ruling shows importance of marital vs. non-marital property


When most Maryland residents think about complex asset division in a divorce, they probably envision discussions over how to sell their most valuable asset - the family home - and divide the proceeds. However, in a high asset divorce, the stakes can be much more significant than that from a financial standpoint.

Complex asset division raises the stakes in a high asset divorce


Many people probably have a view of divorce primarily as a way to get a clean break from an unhealthy relationship and move on with life. While this may be true in many cases, the unfortunate reality is that a divorce involves much more than simply parting ways with a spouse, especially if it is a high asset divorce.

Asset division could be a major factor in Murdoch divorce

From time to time the divorce of a high-profile couple will consume the news media, for a variety of reasons. When Tom Cruise and Katie Holmes divorced, much of the news coverage was focused on what would happen with the custody situation for their young daughter, Suri. When Kim Kardashian and Kris Humphries divorced the media was obsessed with determining whether the whole marriage was a sham to begin with. Now, there is another couple in the headlines because they have filed for divorce, but this time the news is focused on much different topics: one of the parties himself is a member of the news media elite, and it is likely to be a high asset divorce - perhaps as high asset as it gets.

Tax planning and divorce - how do they fit together?

Some of our Maryland readers may find themselves asking at some point, "Is there ever a good time for a divorce?" Well, for some people, particularly those who are anticipating a high asset divorce, the answer might just be "Yes - next year."

Baby boomer divorces increase, complex asset division follows

Our Maryland readers may know that the divorce rate among the so-called "baby boomers" is rising quickly. Most probably already know that the United States has one of the highest divorce rates in the world, and when it comes to a split between baby boomers, the situation is likely to involve a high asset divorce.

Back to top