One of the major tasks that has to be handled during a divorce is dividing the assets. This requires having a clear picture of the martial finances, including assets, debts, expenses, income and anything else that’s important for the division. Financial transparency...
Who keeps airline miles and club memberships in divorce?
When divorce becomes a real possibility, you may think first about the house, savings or retirement accounts. Then other questions can rise quickly. Who keeps the airline miles earned through years of travel? What happens to the country club membership tied to family...
Addressing marital investments during property division
Investments allow successful individuals to capitalize on the resources they already have. Many married couples invest jointly to generate passive income or increase their household wealth. The stocks, real estate and other investments they acquire may represent a...
Postnuptial agreements are a smart tool for asset protection
Everyone is familiar with prenuptial agreements. A prenup is an excellent way for each person to help ensure that their property is protected before they walk down the aisle. Fewer people know about postnuptial agreements. Just because you didn’t sign a prenup before...
Divorce and inheritance: Do you lose what you inherited?
Not all assets are treated equally in a divorce. Only assets acquired during the marriage are subject to division. These include assets such as vehicles, retirement contributions, income and real estate, among others. On the other hand, separate property belongs...
Maryland marital property division: Key points to know
Dividing property during a divorce in Maryland isn’t as simple as splitting everything down the middle. While many assume a 50/50 division is standard, the reality is far more nuanced. Maryland law prioritizes fairness over equality, meaning courts weigh multiple...
Can you split retirement benefits even if you have not retired?
Your spouse has an employer-sponsored retirement plan. They have slowly been earning these retirement benefits, which are held in an account like an IRA. You do not have your own retirement savings because you always assumed you and your spouse would retire together....
Addressing a country club membership during divorce
For many couples, a country club membership is more than just a recreational expense. It represents social connections, family traditions and professional networking opportunities. During a divorce, addressing who keeps the membership, how its value is divided or...
Who has to approve a QDRO after a divorce?
When a marital estate includes retirement savings, those funds can be a point of contention during divorce. Many people feel anxious about dividing what they have saved for retirement. In many cases, people feel anxious about not just needing to split the account...
Is it a good idea to keep the family home in a divorce?
The primary worry of divorcing couples is the separation's impact on their children. It is a traumatic situation, and the last thing you want to do is move them away from the familiarity of their home and neighborhood. What are the pros and cons of trying to keep the...
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