Law Office of Dawn M. Green
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June 2019 Archives

Student loan debt and divorce: one more hurdle

Maryland couples who are going through the divorce process are often overcome with emotions. Separating from a spouse is hard enough without the added problems associated with the need to divide assets and debts. Those who have an outstanding student loan may not know whether they will need to pay back the entire loan or if the court will also hold their spouse as a responsible party.

How divorce can impact business owners

Most couples are aware that divorce can impact many aspects of life, but many are surprised by the challenges that owning a business can bring. Since a business can represent the majority of marital assets and income, dividing up ownership can become a complicated aspect of the divorce proceedings. Which parts of a business qualify for division largely depends on how much business income the owner claims for his or her own tax liability, and the Tax Cuts and Jobs Act of 2017 may provide a guideline for making this determination.

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Law Office of Dawn M. Green
275 West Street
Suite 102
Annapolis, MD 21401

Phone: 410-280-2696
Fax: 410-280-1333
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