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.
The vast majority of child custody struggles center on a divorced or divorcing couple that is trying to establish their rights in relation to a shared child or children. There are times, however, when an intact family in Maryland or elsewhere faces a child custody battle. In such cases, it is imperative to take a firm legal stance in order to protect the right to raise one's child in the manner in which one sees fit.
When a Maryland couple goes through a divorce, the spouses involved expect that the final outcome will include a fair division of marital wealth. This is true across the board, no matter how much money is involved. When a divorce results in a property division outcome that is heavily skewed toward one party, the result is sometimes an appeal. Such is the case in the high profile divorce between billionaire Harold Hamm and his wife of 26 years, Sue Ann Hamm.
The process of dividing marital property is the focal point for many divorcing spouses in Maryland. This is understandable, as the outcome of this process will shape the financial futures of both spouses for many years to come. In most cases, spouses are entitled to an equitable division of assets. There are some instances, however, in which a portion of wealth was never intended to be shared between partners, and where one spouse feels strongly that these assets are left out of the divorce process.
The manner in which child custody is handled in the American court system has seen a number of changes over the course of history. In the early days of our nation, men received full rights to their children in the event of a divorce. Later, the presumption was made that mothers hold superior nurturing abilities, and men were hard-pressed to obtain significant rights to their kids. Currently, courts in Maryland and beyond have signed on to the belief that child custody should be shared equally between divorcing parents, an idea that has received considerable criticism.
Structuring the best possible divorce settlement involves a large degree of planning. For those Maryland spouses who are nearing retirement, an even greater level of attention must be paid to the division of marital wealth. Understanding where one needs to be financially is critical to reaching those goals, which is why the creation of a long-range post-divorce budget is one of the first tasks that should take place once the decision to divorce has been made.
Ending a marriage is a challenging time in one's life. Aside from the emotional reaction to the end of the relationship, divorce also brings on a range of more practical challenges. In many ways, newly divorced individuals must begin anew, often without a clear understanding of how their new circumstances might look or feel. As a result, high levels of stress often accompany a Maryland divorce.
Ending a marriage is difficult, even when divorce is clearly the best possible choice for all involved. Unfortunately, in many cases, only one spouse can recognize that it is time to call it quits. This can make a difficult scenario even more challenging, as the other spouse often wants to resist ending the marriage. The following tips are offered in the hopes of helping Maryland spouses move through the early stages of divorce with a resistant partner.
When a Maryland couple who share children go through a divorce, the division of parenting responsibilities plays a central role in that process. The focus is on achieving a child custody outcome that serves the best interests of the children involved, and one which both parents can live with. Because this is such an important issue within a divorce, many couples spend considerable time and effort reaching an agreement that works for the needs of all involved.
When a Maryland spouse is considering ending his or her marriage, there are a number of financial considerations that must be given the proper level of attention. Chief among these is understanding how one's cash flow needs will change after the divorce is made final. Knowing how much income will be required to make ends meet is the first step in structuring a favorable property division settlement.