In the state of Maryland, there are two types of divorce: absolute and limited. An absolute divorce ends your marriage legally and settles all property and custody issues. Once the absolute divorce has been finalized, both you and your ex-spouse are legally permitted...
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Divorce
The postnuptial agreement is gaining in popularity
Today, everyone in Maryland has heard of a prenup. They probably even know someone who has one. But the postnuptial agreement is a newer phenomenon. This is an agreement signed following a marriage ceremony. Like a prenup, it outlines things like the division of...
More Americans are getting divorced after decades of marriage
Many of our readers in Maryland have probably seen news reports about the rise in the rate of divorce among older Americans. This statistical trend has given rise to a new term in the legal lexicon: “gray” divorce. This term typically refers to divorce cases that...
What can couples do to help avoid divorce later?
Thinking about marriage and divorce prior to a marriage may seem odd, especially when a couple has not spoken about marriage. However, having a conversation about marriage and life can be key to helping couples avoid divorce later in life. The non-marriage...
What is a limited divorce and why would I want one?
Maryland does not have a process called legal separation. While a couple may well separate from each other, the only way legally to end a marriage in Maryland is a divorce. However, Maryland does recognize two different types of divorce. An absolute divorce, which may...
5 challenges couples face in a high-asset divorce
Many times in life, people think that if they have more money, they can live an easier, happier life. They can afford a luxury home, a fancy car and some deluxe vacations. That all sounds nice, but at times, having more money leads to having more problems. That’s...
How does one navigate dating after a Gray Divorce?
During these unprecedented times, it seems that every week brings the news of a new celebrity divorce. And, last week was no different as the news of Bill and Melinda Gates impending divorce was announced. However, what this “gray divorce” did that none of the other...
Minimizing the potential impact of divorce on your business
There's no guarantee that a marriage will stand the test of time. If you are a Maryland business owner and preparing for a divorce, it's understandable to wonder what will happen to your company. The impact can vary based on a few factors. Relationships with employees...
How a divorce might impact your financial future
Typically, joint assets are divided in an equitable fashion when a Maryland couple ends their marriage. Therefore, if you have an investment portfolio, you should expect to cede a portion of your holdings to your estranged spouse. This may be the case even if their...
The implications of a gray divorce
The term “gray divorce” generally refers to couples who are divorcing later in life after the age of 50 and they are on the rise. Couples divorcing later in life can have different concerns on their minds than for couples going through the divorce process earlier in...