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Going through a divorce is a complicated situation. No one plans a wedding, lives with another person and has children, thinking marriage will end. Unfortunately, it's more common than it seems, and it leads to several important situations to consider. First, the...
Couples who own fine art, collectibles and antiques can accumulate a significant amount over the course of a marriage. These items can make up a considerable portion of marital property and, as such, are subject to an equitable division in divorce. Steps to protect...
Divorce is not only an emotional journey but also a complex financial event that significantly impacts both parties involved. Taxes can play a crucial role in the proceedings and can affect the financial well-being of each individual, even after they finalize their...
The fate of the marital home usually takes center stage during a divorce. After all, it is where you and your spouse lived together for several years, and you probably never expected to lose or leave it. The classification of the marital home is commonly marital...
Splitting properties tends to be one of the most contentious issues spouses face during divorce. It entails countless negotiations, as they weigh which assets they are willing to compromise and which they will fight for. While the process is complex as it is, another...
You and your spouse finally agree to an uncontested divorce. Now, all that is left for you to do is to divide your marital property equitably. An equitable division of marital property ensures neither spouse is at a financial disadvantage after the divorce. It is...
When dividing assets during divorce, the court can categorize your properties based on when you acquired them. If you obtained them during the marriage, it is marital. Non-marital assets are those you receive before the marriage or from sources directing it only to...
Many Maryland married couples have a prenuptial or postnuptial agreement. Both legal documents can affect the division of property if you divorce. Most cover assets that each owns, but what is the difference? What these agreements detail The main difference between...
Property division in Washington, D.C., begins with deciding what's marital property and what isn't. Also known as community property, marital property includes the things that two people gained during their time married. There are some challenges, however, when...
Negotiating a divorce settlement should be done while coming to terms with the taxes you're likely to face. Issuing a post-divorce asset transfer in Washington, D.C., is legal but is subject to changing tax laws. What's important to understand is that transfers and...
