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Posts tagged "divorce"

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Impacts to your taxes after divorce

If you're currently going through divorce proceedings, many of your legal questions are likely being answered by your attorney. If you've obtained the services of an experienced family law attorney, then they've probably explained the rights afforded to you by law and how the process will proceed in the upcoming weeks or months.

Permanent alimony, still a possibility for Marylanders

Imagine for a moment that you and your spouse are going through divorce proceedings. You didn't sign a premarital agreement so at this juncture, you and your spouse are hammering out financial details such as who will be responsible for making child support payments and who should pay alimony to the other spouse.

Good to know: Indefinite alimony is still a thing in Maryland

Fifty years ago, alimony requests were a major part of divorce proceedings. This was due in part to the fact that there weren't as many women in the workforce as there are today. Many women stayed home with the kids, losing years of opportunities to further their careers and earn an income of their own. In those days, alimony payments were necessary for a woman to maintain financial stability after a divorce. The same is not true today.

Does bankruptcy discharge an alimony obligation?

Though you may think that you have a good understanding of the law in general, it oftentimes isn't enough to help you through all legal issues. This is part because of the extreme complexity of our state and federal laws as well as the fact that they are subject to change from time to time.

When is it a good idea to ask for alimony?

Imagine you have just learned that your spouse has been cheating on your for a number of months. Considered as fault and grounds for divorce, you file the necessary paperwork to begin the dissolution of your marriage. Because you hired an attorney, you are more aware of your rights under Maryland law, such as your right to ask for alimony payments.

Is jumping to conclusions about Ashley Madison hack a bad idea?

If you pay attention to the news like we do, then you've probably heard about a number of computer hacks that have taken place over the last year. From hacks on company servers to websites, computer hacking can be devastating because it can negatively impact lives. This was perhaps best exemplified recently after the hack on the website called Ashley Madison.

Navigating the process of a high-asset divorce


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.

What happens to retirement plans in a high asset divorce?


Some Maryland residents spend their entire career - several decades or longer - saving for retirement. By the time they retire, they may have amassed a large sum of money - perhaps millions of dollars. But with the recent trend toward divorce late in life, this money may not be totally secure. Retirement plans such as pensions, stocks and 401(k)s are considered assets in a divorce, so these accounts are subject to division. This means that the other spouse may be able to claim his or her fair share should the marriage end. Read on to find out more about what happens to retirement plans in a high asset divorce.

Residency requirements for filing for divorce


In order to end a troubled marriage, a person may move to another state and attempt to file for divorce there. However, filing for divorce is not as easy as showing up at a random courthouse. With just a few exceptions, a person must be a resident of the state in which they are filing for divorce. Residency requirements vary by state and range from six weeks to a year. In Maryland, the requirement is one year.

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.

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