If you're in the midst of a divorce in the Maryland and Washington, D.C., area, you'll probably be required to split the funds in your retirement plan with your ex. Sometimes, the assets are awarded to one spouse or the other. However, whether you're the one receiving...
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Reaching agreements with a narcissist as the other parent
After ending a relationship with a narcissist in Maryland, you might still need to interact due to having children together. Here are a few tips to keep in mind so that the process can be carried out smoothly for everyone involved. Legal plan When you're trying to...
Avoid these financial mistakes while going through a divorce
Couples in Maryland who are planning to divorce must prepare for all the most important matters. It’s important to avoid making certain financial mistakes during what can be a stressful period. Not taking your expenses into account Although you might know how much...
Divorce rates are higher when the wife is ill
Maryland couples normally get divorced when there are problems within the marriage such as irreconcilable differences. However, a study determined that some marriages end in divorce if the wife is seriously ill. What is the study, and what does it reveal? The study,...
Community property verses equitable distribution in Maryland
When going through a divorce in Maryland, your marital property must be divided according to state laws. There are two methods the courts use to divide assets: equitable distribution or community property. Let’s look at their differences and the one that applies in...
The difference between divorce and legal annulment
Divorce and annulment are the two options you have available to you if you want to end your marriage or domestic partnership. However, you'll need various types of evidence for each of these processes. One of the main differences is that divorce ends a legal marriage...
The purpose of a QDRO
Many couples might not hear the abbreviation QDRO until they’re in a divorce court. QDRO – Qualified Domestic Relations Order – refers to how a judge will split different types of retirement plans in a divorce. QDROs allow the court to split retirement accounts such...
What is the difference between a prenup and a postnup?
Many Maryland married couples have a prenuptial or postnuptial agreement. Both legal documents can affect the division of property if you divorce. Most cover assets that each owns, but what is the difference? What these agreements detail The main difference between...
How getting divorced later in life is different
Divorce is always a difficult process, no matter when it happens. But getting divorced later in life in Maryland can present unique challenges and benefits that you don't encounter when divorcing at a younger age. Here are important things you should know when...
How debt is split in a divorce
There is a lot of discussion of what happens to the wealth of a couple who gets divorced in Maryland, but the rules for debt division are just as important. Resolving debt can be complex because different kinds of debt are treated separately and with different rules....