Social media has given us the ability to reach out to friends, family and even complete strangers in ways that were previously unimaginable. With nothing more than an Internet connection and a few keystrokes, Maryland residents can share their photos, thoughts and opinions with the virtual world. While these advancements have been largely positive, there are also drawbacks to social media, especially for people going through divorce.
The end of a Maryland marriage will have an impact on the financial standing of both spouses. The process of dividing marital assets and debt, structuring child support and/or alimony and obtaining new insurance policies will all come into play. While there can be no doubt that each party will have to adjust to a new financial structure, not all of these changes will be negative. In fact, some spouses will enjoy improved credit scores in the months and years following a divorce.
Each and every divorce is unique, and is structured around the life built by the couple who is ending their marriage. One aspect of divorce that is important for all Maryland couples, however, involves the manner in which assets are divided. Property division can be a challenge for many, especially when spouses do not see eye-to-eye on how to share the marital wealth that has amassed during their union.
For many Maryland spouses, the only thing less anticipated than the divorce process is the annual tax season. When the two processes combine, individuals who are going through a divorce have a challenge ahead. Tax returns filed while a couple is separated, as well as the first return for the year of a divorce, present unusual scenarios in which one's tax return is often very different from the years prior to this significant life event. Knowing how to maximize one's deductions can make a world of difference in the bottom line.
As was the case in most of the country, the Maryland divorce rate has been affected by the downturn in the economy. It may seem simplistic to connect the two, but a new study shows that as the economy improves, divorce cases increase. The two are related for many reasons, but mainly because divorce can be costly for most couples.
Most people in Maryland who are divorced are likely aware that the end of a marriage changes a lot of relationships. It not only changes the spouses' relationship with each other, but it affects relationships with their children, extended family and friends. Many assume that their own parents will take their side when it comes to divorce, but in many cases, parents will continue to support their child's spouse. This often happens when their child is the one who wanted the divorce or is thought to be responsible for the marriage falling apart.
Family law encompasses a wide range of legal issues, and Maryland attorneys who practice this type of law see all kinds of different cases that result from the basic issues of divorce, child custody and the financial support of a child. Cases can differ based upon the circumstances of the individuals involved, including their cultural or religious beliefs and practices. For some Jewish families, religious approached to divorce can greatly influence the process of dividing a family.
When a Maryland marriage goes sour, many spouses dread filing for divorce. Anticipating that their spouse will react in an angry or aggressive manner, many people put off filing for months or even years after it has become clear that the marriage cannot be saved. When the divorce process is initiated, an angry or embittered spouse can begin lobbing financial threats, which can make an already stressful situation even worse. A savvy spouse, however, can turn these types of threats to his or her advantage.
For most Maryland spouses, the end of their marriage marks the definitive end of the bonds that connected them to their former husband or wife. While this is true in many regards, there are circumstances in which a former spouse could reap the same benefits upon one's death as was the case before a divorce. In order to avoid passing along death benefits or an inheritance to a former husband or wife, a measure of paperwork diligence is required.
When it comes to divorce, the more information one has, the better off one will probably be. Indeed, the process of going through a divorce in Maryland can be overwhelming, daunting and even frightening. This is why it is so important to ask good questions before beginning the process. Knowledge is power in life, and divorce is no different.