A significant part of a divorce agreement is the division of a couple's assets. However, the division of debt can be just as impactful on your financial future. Everyone has different types of debt. However, we're going to discuss a few of the most common types and how they may be split up and redistributed in a divorce.
As you have probably heard, parental divorce can be very hard on children, but the good news is that it doesn’t have to be. Thanks to alternative dispute resolution processes like collaborative law, divorcing parents are able to focus on what really matters as they move on with their lives: their children.
Among the 99 percent, the economy may not feel like it's booming, but the worst of the Great Recession now appears to be over. At the very least, consumer spending is on its way back up -- last month the U.S. Department of Commerce reported the largest increase in consumer spending in the last eight years.
While statistics vary, it is commonly believed that close to half of all marriages will end in divorce. For those couples in Maryland with children, transitioning into a co-parenting relationship after a divorce can be difficult. This is often uncharted territory for parents, and many are still going through their own emotional reaction to the divorce while they begin the process of sharing parenting duties with their former spouse. It will take time and effort to settle into new roles as co-parents, and the following tips are offered in the hopes of easing that process.
Social media has changed the way that many Americans stay connected with friends and family. The ability to share information, photos and more allows people to share a great deal of their lives with those they care about. However, Facebook and other social media sites can also become a problem for many Maryland spouses who are going through a divorce.
People who have never been through the end of a marriage often hold many preconceived notions about the process. These beliefs can make it difficult to know when divorce is the right course of action, because so many Maryland spouses have convinced themselves that there are certain conditions that must be met before taking steps to move forward. The following information is offered in the hopes of allowing spouses to fully understand that there is no "right" set of conditions that lead up to a divorce, and to listen to their own heart when making choices about their future.
A great deal of attention is paid to the rate of marriage and divorce among American couples. For many in Maryland, however, the source of those statistics is something of a mystery. A great deal of what we know about marriage and divorce comes from the American Community Survey, which is issued by the U.S. Census Bureau every four years. Recently, the inclusion of questions regarding marriage and divorce has been questioned, leading to debate on the issue.
Business owners in Maryland know exactly how hard it can be to take a concept and mold it into a successful venture. Many have put in a great deal of money, time and effort to get their businesses off the ground, and then to weather changing market conditions and an economic recession. To have a huge portion of that hard work be lost through the property division portion of a divorce is a difficult prospect to consider, but one that any entrepreneur should think carefully about.
It is not uncommon for high-profile divorces to be drama-filled. Maryland readers may be interested to learn about the ongoing divorce issues of former NFL star Deion Sanders and his former wife, Pilar. It was reported that the the case once again landed in court in another state after Pilar failed to return the couple's three children to Deion as per their custody order. Deion is the custodial parent.
Every divorcing couple in Maryland will allocate a significant volume of time and attention on the division of marital wealth. This is an important aspect of any divorce, as the outcome will shape the financial future of both parties for many years to come. For couples that share significant levels of wealth, the process of reaching a settlement as to the division of those assets can be difficult. Fortunately, there are professionals who can assist in determining the true value of various assets, which is the first step in attaining a fair settlement.