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...
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Divorce
Your divorce may be a traumatic event
Maryland law generally allows you to end your marriage for any reason that you can think of. However, a divorce is considered to be one of the most stressful events that a person can experience. In fact, those who have gone through a split from their spouses may...
What’s next after a gray divorce?
In Maryland and other states, divorce after age 50, known as “gray divorce,” is becoming the fastest growing group of divorcees, despite the divorce rate leveling out overall in the United States. Individuals who become single after 50 can face financial difficulties...
Helping your children accept your divorce in Maryland
It is natural for parents in Maryland to worry about how their divorce will affect their children. The great news is that 80% of children raised by divorced parents thrive and develop into responsible adults. You can do several things to help your children when...
Does mediation work for Maryland divorces?
Mediation can be a very powerful tool for couples seeking a divorce in Maryland. In addition to being a necessary step before the divorce can go to arbitration, it sometimes allows couples to handle their divorce without ever setting foot in a courtroom. That’s not...
How gray divorce in Maryland affects adult children
Divorces are unfortunate outcomes for any marriage, and the fate of young children within the new arrangement often becomes a topic of debate. However, gray divorces, those that occur between couples over the age of 50, are becoming increasingly common in Maryland,...
What are the different divorce options?
Some married couples in Maryland ultimately realize they’re not meant to be and should get divorced. There is no one-size-fits-all way to end a marriage and different divorce options are available. Contested divorce Couples who cannot agree on multiple issues in their...
Planning for future income tax on divorce asset transfers
The divorce process for high-net-worth Maryland couples requires the division of often complex marital assets. On top of working through who gets what, you and your tax adviser should examine future tax consequences of asset transfers related to the divorce. No...
Helping your children adjust after divorce in Maryland
Adjusting to life after divorce is hard for many Maryland families, regardless of financial status. However, families who have to deal with a drastic change in their financial situation after divorce might have a more challenging time. It can be a lot to cope with,...
Is there a silver lining to becoming a single mother?
Life with kids after divorce in Maryland and D.C. can seem hectic and stressful. Every member of the family needs to adapt to a new normal and for single mothers, balancing all the responsibilities of supporting and raising their children can feel like a huge...