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property division Archives

Don't forget about debt during property division

When many Maryland spouses are preparing to divorce, the division of marital wealth is a top area of concern. This is understandable, as the outcome of the property division process will shape the financial lives of both parties for many years to come. When considering property division, it's critical to understand the role that debt plays during that process.

The benefits of collaboration during property division

Many Maryland spouses take a very narrow view of divorce, believing that every couple goes through a highly contentious process that leaves all parties worse for wear. In reality, couples have the power to choose how their divorce will move forward. For those who are able to work together to reach a shared goal, collaboration offers a number of benefits. Nowhere are those benefits more distinct than in regard to property division.

Obtaining a business valuation for property division purposes

Many Maryland business owners who are considering divorce have serious concerns about how their business might be affected. Very often, people put everything they have into building their business from the ground up. They invest time, money and extraordinary effort to create a successful venture. When a divorce is on the horizon, the manner in which business assets will be handled during property division is a chief concern.

When property division agreements require refinancing

One of the most emotionally charged aspects of a Maryland divorce is how to handle the disposition of the family home. Couples build a lifetime of memories in their home, and the house often represents far more than its value as a real estate investment. In many cases, one spouse desperately wants to hold onto the family home, and will negotiate the ability to do so as part of the property division settlement. That decision usually comes with the requirement that the property be refinanced solely in the name of the retaining spouse.

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.

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.

Sometimes, property division conflicts occur years after divorce

Once the bottom lines have all been signed and the dust has settled, most Maryland spouses believe that their divorce is over and they are free to move on with their lives. In reality, however, there are instances in which property division issues can continue to create problems, even years after the divorce has been made final. The following example is just one of many issues that can arise after both spouses have moved on and made headway in their individual lives.

Property division: Deciding whether to stay or to go?

Addressing the family home is one of the top priorities for many Maryland couples who are going through a divorce. This is a property division matter in which there is no clear "right" or "wrong" path. Even when selling the home is clearly the best possible financial move, there are cases where one spouse will feel strongly that staying put is the best way to go. What is most important is that no spouse reaches a decision about the family home without being fully informed of all of the pros and cons associated with each option.

How Bitcoin could impact property division process

Few Maryland residents are aware of the technological advancement associated with cryptocurrencies. This field focuses on providing clients with the ability to conduct financial transactions with anonymity. Unfortunately, some spouses who are facing a divorce will try and use Bitcoin and similar platforms to attempt to shield assets from the property division process.