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.
For many of us, the end of a marriage brings out the very worst in our personalities. Anger, resentment hurt and bitterness are an ugly cocktail, and it is the rare Maryland spouse who gets through divorce without at least a few lapses in judgement when it comes to how we portray our spouse or the details of the divorce to others. Unfortunately, technology has made it all-too-easy to spread far wider than we may have intended.
Each and every divorcing couple has a unique set of assets. For some, a collection of artwork will play a central role during the property division portion of their divorce. Dividing artwork can pose a number of challenges, and many Maryland couples are unsure of where to begin the process. The following tips are offered in the hopes of assisting spouses who must address a collection of artwork within their divorce.
One of the most important aspects of any Maryland divorce is the manner in which marital assets will be divided between spouses. This can be a complicated part of the overall divorce process, as it requires a great deal of documentation concerning all income, assets and debt held within the family. This can be one of the most time-consuming steps within the overall divorce process, and savvy spouses will begin preparing for property division even before the papers are filed.
The end of a Maryland marriage often falls along predictable lines. Some couples divorce after one spouse has an affair or other indiscretion. Others find that they hold fundamentally different ideas about how to live their lives. Many simply grow apart over time, and feel that they would be happier as singles. For some, however, the decision to divorce is a powerful display of love.
The end of a Maryland marriage marks the end of most connections between a husband and wife. For those without children, divorce provides a fairly clean break, and both parties are able to move forward with very little need to interact with one another. In cases in which alimony plays a role, the connection extends, at least until such time as the payments are no longer required. As long as money changes hands between former spouses, there will be a connection, at least in the eyes of the Internal Revenue Service.