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June 2017 Archives

Is it possible to divide an HSA during property division?

For many Maryland spouses, concerns over the financial ramifications of a divorce are a significant source of stress. Understanding the ins and outs of the property division process can make it easier to weather a divorce, and allow spouses to maintain a sense of control over their own financial destiny. For some families, health savings accounts (HSAs) are an important consideration in the full scope of marital wealth, and many spouses are unsure how these funds can be divided.

Study links immunity problems to bitter child custody fights

When Maryland parents are preparing to divorce, the impact that such a move will have on their kids is often a top concern. Research has long supported the idea that children who go through divorce are at elevated risk for a number of negative outcomes, including depression, anxiety and social issues. However, a recent study suggests that it may not be the divorce itself, but the manner in which parents handle a divorce and child custody changes that determine how a child will fare.

How to preserve wealth obtained through property division

For many Maryland residents, the process of dividing marital wealth is a primary focus during a divorce. Unfortunately, too few spouses give proper consideration to how they can preserve the wealth obtained through the property division process. Having a plan in place to regain financial stability following a divorce without tapping into one's financial foundation is essential. The following tips can help individuals learn to regain financial stability in the months and years that follow a Maryland divorce.

How to prepare for the aftermath of property division negotiation

When it comes to working through the financial aspects of a divorce, few things are more important than having a comprehensive budget in place. Far too many Maryland spouses move through the property division process without a clear idea of where they currently stand in a financial sense, much less where they need to be in the years to come. Understanding both current and projected expenses is key to reaching a settlement that is in line with one's needs, both now and in the future.