If you are 50 or older and are facing a divorce, the challenges will be far different than those of younger couples with minor children in similar circumstances. Below is some important information for those going through “gray divorces.” Emotional pain can override...
Maintaining your lifestyle after divorce
Divorce often brings big changes, not only emotionally but also financially. If you have been used to a certain level of comfort, you may wonder how to keep your lifestyle steady once the marriage ends. Luxury living does not always have to disappear after a...
Can differing financial priorities cause marital disputes?
Money is one of the most common sources of tension in a marriage. Even couples who agree on most things can struggle when their financial values do not align. Differences in how spouses view money, spending and saving can create ongoing stress in the relationship....
Divorce doesn’t necessarily mean you have to sell your business
If you and your spouse are joint business owners, one option during divorce is to sell the company. This simplifies asset division. Since both of you have ownership, you can sell the business and split the proceeds. However, you may be uncomfortable with this idea...
How divorce affects high-asset couples
Divorce can have a significant impact on your finances, affecting everything from your income to your assets. Understanding the financial implications early on can help you to make informed decisions and avoid costly mistakes down the road Whether it’s dividing...
Addressing frozen embryos during divorce
A family law case in Virginia made headlines this month due to a property division concern that is relevant to an increasing number of couples across the U.S. In this case, a judge ruled that a divorced couple’s frozen embryos were not divisible property. As assisted...
Should you tell a child’s school about divorce?
When you get divorced, there will probably be a small circle of people you tell first. This generally includes close family members and friends. It may expand over time to the point where you may even post about your divorce on social media. But as you go through this...
What are the types of spousal support in Maryland
When considering a divorce in Maryland, it is important to understand how spousal support (commonly known as alimony) might affect the financial dynamics between you and your spouse. Spousal support refers to court-ordered payments made by one spouse to the other,...
How Maryland divorce law has been simplified
If you and your spouse have been separated and/or considering divorce for some time, it’s important to know that there have been some changes in Maryland laws regarding divorce since you may have last looked at them. Changes that took effect last October can help...
Is a gray divorce more complicated?
Going through a divorce at age 50 or older is on the rise. But do couples who dissolve their marriage later in life have an easier or more complicated process? How does a gray divorce differ from other types of divorces? Here is what to know: More assets are involved...
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