Getting divorced is often an emotional and complex time for people. The later in life you divorce, the more final it may all seem. You may try to take the high road by not asking for your fair share of marital assets, but that could have long-term repercussions on your life. If you are divorcing, you need to ensure that your future and finances are protected. That often means seeking a fair portion of any retirement account you and your spouse have contributed to over the years of your marriage. When splitting assets like retirement accounts, the help of an experienced attorney is invaluable.
Posts tagged "asset division"
Many Maryland couples struggle with their marriages. Unfortunately, the issues that crop up - such as finances, infidelity or clashing personalities - often lead to divorce. While a divorce can eventually lead to freedom for those trapped in unhappy marriages, the divorce process can be much more stressful than the actual marriage. Many couples refuse to negotiate, and the result can be a nasty court battle. But no matter what happens, the right lawyer will fight for your rights every step of the way.
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.
When Maryland couples divorce, they may look to the divorce decree to review negotiations on asset division, child support, child custody and other common divorce issues. However, many lawyers now go a step further and create separation agreements as well. A separation agreement is basically the summary of all the items that the husband and wife have discussed and negotiated on. Our law firm understands the importance of a detailed agreement, and how it is generally a must for something as complex as a high asset divorce.
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.
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.
While marriage can be hard, getting divorced is even harder. When many Maryland couples get divorced, they end up fighting over all the assets accumulated throughout the marriage. Besides asset division, there are many aspects involved in a high asset divorce, especially if the couple has been together for many years. Those looking to call it quits may want to consider the following before filing for divorce - and possibly regretting the decision.
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.
For Maryland couples, a divorce can be financially devastating at any age. However, this is especially true for baby boomers who have retired and no longer have a job to increase their income. Women often are hit the hardest because the men typically control the finances and, after decades of marriage, things can get tricky when trying to split property due to all the assets accumulated. Fortunately, there are ways to survive after a high asset divorce during retirement.