As the tax filing deadline approaches, unmarried individuals with a minor child in Maryland must consider who can take the exemption for the child. The IRS has rules regarding who can claim the child, so without communication between the parents, one party risks having a return rejected.
One of the first steps people in Maryland who are going through a high-asset divorce may want to take is assembling a legal and financial team. They may also want to consider whether they want to pursue litigation. Litigation is not inevitable even if there is a lot of conflict, and some couples may be able to resolve discord and reach an agreement through mediation or collaborative divorce.
Even if you no longer love your spouse and realize that divorce is the best way to improve your life, it doesn't mean that you won't experience a gamut of emotions about your situation. You know that divorce will change your life forever, so it's only natural to feel sad sometimes during the process.