Marital asset dissipation refers to the misuse of marital assets by a spouse to deprive the other of their fair share. If your spouse intentionally spends or depletes marital funds for purposes unrelated to the marriage, especially after the marriage has begun to...
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Divorce
Why is gray divorce becoming more common?
On the whole, divorce rates have declined in recent years. However, this is not the case for couples over 50. Gray divorce rates continue to increase steadily. Why is this happening? Shifting attitudes In the 1900s, divorce was a taboo subject. Those who pursued a...
Why does divorce impact women financially more than men?
Divorce can often have a greater financial impact on women than on men, deepening preexisting financial inequalities. Many women face lower earnings compared to male counterparts performing similar roles or are overlooked for promotions in favor of less experienced...
Unveiling the most common times of year for divorce in Maryland
Divorce is a significant life change that can occur anytime throughout the year. However, studies have shown that specific periods often see an increased number of divorce filings. Below, we discuss the most common times of year for divorce in Maryland and shed light...
Can a collector contact me about my former spouse’s debt?
Divorce involves various procedures, including the division of assets and property. Each state has varying laws to address property and liability division. Maryland courts have the power to resolve debt disputes involving debt associated with the acquisition of...
How can women over 50 protect their finances after divorce?
Gray divorce, or divorce among adults aged 50 and older, can be a particularly stressful experience which is becoming increasingly common in the United States. This trend has significant financial implications, particularly for women. If you're going through a divorce...
Two common mistakes made during divorce
Even when you and your spouse agree it’s time for your marriage to end, the divorce process can be difficult. Emotions and stress often cause people to make mistakes that sabotage their divorce and make the entire process even more challenging. Knowing what some of...
Business debts and obligations can factor into your divorce
Unless you already had a successful business when you got married, you inherited it, or your interest was gifted to you, your small business is part of your marital estate. If you get divorced in Maryland you will be required to list the value of the business as...
Using a QDRO to protect your retirement
When going through divorce an issue of concern for the non-working spouse or one who didn't work as much or earn as much as the economically dominant spouse is whether the non-working spouse will receive a part of his/her spouse's pension. Maybe you are in your 50s...
Is your personal inheritance at risk in a Maryland divorce?
If you inherit valuable property during your marriage, the entire family will potentially benefit from that windfall. You may use those funds to invest in your home or improve everyone's standard of living. Unfortunately, receiving a significant inheritance could also...