A great deal of attention is paid to the rate of marriage and divorce among American couples. For many in Maryland, however, the source of those statistics is something of a mystery. A great deal of what we know about marriage and divorce comes from the American Community Survey, which is issued by the U.S. Census Bureau every four years. Recently, the inclusion of questions regarding marriage and divorce has been questioned, leading to debate on the issue.
Business owners in Maryland know exactly how hard it can be to take a concept and mold it into a successful venture. Many have put in a great deal of money, time and effort to get their businesses off the ground, and then to weather changing market conditions and an economic recession. To have a huge portion of that hard work be lost through the property division portion of a divorce is a difficult prospect to consider, but one that any entrepreneur should think carefully about.
It is not uncommon for high-profile divorces to be drama-filled. Maryland readers may be interested to learn about the ongoing divorce issues of former NFL star Deion Sanders and his former wife, Pilar. It was reported that the the case once again landed in court in another state after Pilar failed to return the couple's three children to Deion as per their custody order. Deion is the custodial parent.
Every divorcing couple in Maryland will allocate a significant volume of time and attention on the division of marital wealth. This is an important aspect of any divorce, as the outcome will shape the financial future of both parties for many years to come. For couples that share significant levels of wealth, the process of reaching a settlement as to the division of those assets can be difficult. Fortunately, there are professionals who can assist in determining the true value of various assets, which is the first step in attaining a fair settlement.
When a Maryland couple goes through a divorce, the spouses involved expect that the final outcome will include a fair division of marital wealth. This is true across the board, no matter how much money is involved. When a divorce results in a property division outcome that is heavily skewed toward one party, the result is sometimes an appeal. Such is the case in the high profile divorce between billionaire Harold Hamm and his wife of 26 years, Sue Ann Hamm.
The process of dividing marital property is the focal point for many divorcing spouses in Maryland. This is understandable, as the outcome of this process will shape the financial futures of both spouses for many years to come. In most cases, spouses are entitled to an equitable division of assets. There are some instances, however, in which a portion of wealth was never intended to be shared between partners, and where one spouse feels strongly that these assets are left out of the divorce process.
Structuring the best possible divorce settlement involves a large degree of planning. For those Maryland spouses who are nearing retirement, an even greater level of attention must be paid to the division of marital wealth. Understanding where one needs to be financially is critical to reaching those goals, which is why the creation of a long-range post-divorce budget is one of the first tasks that should take place once the decision to divorce has been made.
Ending a marriage is a challenging time in one's life. Aside from the emotional reaction to the end of the relationship, divorce also brings on a range of more practical challenges. In many ways, newly divorced individuals must begin anew, often without a clear understanding of how their new circumstances might look or feel. As a result, high levels of stress often accompany a Maryland divorce.
Ending a marriage is difficult, even when divorce is clearly the best possible choice for all involved. Unfortunately, in many cases, only one spouse can recognize that it is time to call it quits. This can make a difficult scenario even more challenging, as the other spouse often wants to resist ending the marriage. The following tips are offered in the hopes of helping Maryland spouses move through the early stages of divorce with a resistant partner.
When a Maryland spouse is considering ending his or her marriage, there are a number of financial considerations that must be given the proper level of attention. Chief among these is understanding how one's cash flow needs will change after the divorce is made final. Knowing how much income will be required to make ends meet is the first step in structuring a favorable property division settlement.