Bethesda MD Family Law Blog

If you are getting ready for divorce as someone with a high net worth, there may be a variety of special considerations related to your circumstances that you will want to explore. For example, you may need to pay particular attention to some of the financial aspects of the divorce process, such as the division of your assets. Not only that, but you may have to work through other hurdles, especially during the holiday season. Some people want to move forward with their divorce regardless of the time of year, which is fine. However, it is always smart to prepare.

The holiday season can create a number of challenges for those who are in the middle of a high-asset divorce. For example, if you have kids and attend a family party, you may have to explain the situation to your children and to some of your family members. People often feel stressed out during the holidays for various reasons and you may be a business owner who is especially busy over the holidays. From issues with staff members to daily chaos due to heavy traffic, this can be a very demanding time of year in certain industries.

Maryland couples who’ve recently gone through a divorce may be dreading the upcoming holiday season. After all, things like scheduling and navigating family conflict can be extremely difficult, especially when the pain of separation is still fresh on a couple’s mind. That’s why VeryWellFamily.com recommends the following advice, which can help you keep stress to a minimum for you and your children.

Consider having your own celebration

Witnessing a family member or friend having to deal with the restraints of incapacity can be heartbreaking. Most value their independence, and as such, also want others to enjoy theirs as much as possible. Yet sometimes, intercession is often required in order for one not fully capable of supporting themselves to be protected. Accepting the responsibility of acting as a guardian, however, can be quite a challenge. 

The priorities of appointment for adult guardianships have been detailed on this blog in the past. A quick review of them reveals that the courts favor family members or those with whom the proposed ward already has an established relationship. For some of those legally viewed as being the best to assume the role of guardian, the job may seem too overwhelming. In such a case, the need to protect the ward must be balanced by the reluctance to not overburden another with such an awesome responsibility. Fortunately, the law offers a potential solution. 

Your divorce can not only exact heavy toll on your emotions, but also your wallet. Alternative dispute resolution methods such as mediation have long been praised as being low-cost alternatives to traditional legal proceedings in Rockville. Yet exactly how much more money can divorce mediation save you and your soon-to-be ex-spouse? It may be difficult to answer that question given the unique elements associated with mediation. A better way to identify the cost-savings achieved through mediation may be to understand why traditional divorce proceedings can cost so much. 

As you and your ex-spouse work your way through your proceedings, there are bound to be disagreements along the way. When arguing your case in traditional court, these disagreements can prolong proceeding, requiring follow-up hearings in order to come to resolutions. The result of this is more money spent consulting with attorneys and in paying court costs (which are not cheap).