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...
Addressing deferred compensation when planning a divorce
Many of the most valuable assets in a marital estate are readily accessible and divisible when people divorce. They hold the title to their home and have control over the funds in their financial accounts. Other assets may theoretically be part of the marital estate...
Will a Maryland divorce trigger retirement account penalties?
Maryland divorce proceedings usually require property division discussions. The spouses either need to reach their own agreements about splitting up the marital property or presentation so that a judge can divide their property. Assets that represent a larger total...
Getting your spouse off of a mortgage
Your divorce settlement may allow you to keep the Maryland home that you shared with your spouse. However, you may be required to take your spouse off of the mortgage. There are a couple of methods that can be used to accomplish this goal. A mortgage may be eligible...
What should you do when selling a house after your divorce?
For many couples, their Maryland home represents their greatest financial investment. Couples may decide to sell the home after a divorce due to a court order or to meet financial obligations. These tips can help you remain focused on the right choices during the...
Splitting property after a common law marriage ends
Are you at the end of a common-law relationship in Maryland? This is usually defined as a relationship that you may have been in with a partner for a certain length of time. However, you have not chosen to make the relationship official by getting married. You may...
How to deal with your home in a divorce
Divorcing Maryland couples will need to address the question of how to deal with the family home. This is often one of the most difficult questions because both parties may have an attachment to where they were living. This is a decision that must carefully be thought...
The dangers of hiding assets during a divorce in Maryland
While it might be tempting to hide a portion of one's assets during a divorce, not being upfront about assets can lead to serious consequences. Hiding or misrepresenting assets might include a person lying about their income, hiding or undervaluing property from their...
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