You and your spouse must equitably divide all your marital property, including retirement plans. Divorcing spouses may overlook assets they still hold jointly despite the divorce, which can have adverse financial consequences, especially when those are your retirement...
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Year: 2023
What happens if the parent paying child support lands in jail?
Child support serves as a source of financial stability for post-divorce parents. Failing to account for it may mean possible jail time. But what if the situation takes a turn and an obligated parent faces incarceration for another crime? What happens to child support...
How divorce can affect your medical practice
Divorce can significantly impact the trajectory of your Maryland medical practice. The dissolution of a marriage brings forth many challenges that can affect both personal and professional aspects as they relate to a healthcare professional's life. Understanding and...
Does infidelity matter when deciding child custody?
Infidelity breaches a married couple’s vow to remain loyal to one another, so unsurprisingly, it is one of the most common reasons for divorces. However, infidelity can do much more than separate a couple. Depending on certain factors, it might also influence the...
Use and possession award during a divorce
When couples go through a divorce, property division is one of the key issues that arise. Sometimes, a judge may award one spouse the exclusive right to use and possess certain properties temporarily. This means that the spouse with custody of the couple's minor child...
Understanding Maryland’s limited divorce
Not all divorces entirely terminate a marriage. Under Maryland law, an absolute divorce only applies on the grounds of mutual consent, adultery, incurable insanity or criminal conviction leading to incarceration. When these grounds for divorce do not apply and you...
Can you forgo child support in Maryland?
It’s not uncommon for child support to be a tense subject between parents seeking a divorce in Maryland or the Washington, D.C. area. Generally, the topic of child support is considered a natural part of divorce, and it comes up when discussing the best interest of...
Dividing a 401(k) during divorce
When a couple in Maryland divorces, they will likely need to determine how to divide their assets, including retirement accounts such as a 401(k). Deciding on a mutually agreeable solution can be challenging for both parties, as it carries emotional burdens. However,...
Sole or joint custody: which is best for the children?
During a divorce, estranged Maryland parents of small children will go through the process of working out child custody. In many cases, joint custody will be awarded, and parents will create a schedule that divides parenting time roughly equally. However, this is not...
The effects of financial infidelity on a gray divorce
When older adults in Maryland get a divorce, they face some financial challenges that are not as acute for younger couples, based mainly around the fact that they may have fewer earning years ahead to offset the financial effects of a divorce. When financial...