A family business is often more than just a source of income. It's a labor of love, a shared dream and sometimes even a legacy passed down through generations. When the owners of a family business go through a divorce, the emotional and financial stakes are...
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Property division
Are you sure your spouse is being transparent about their assets?
If you are about to divorce, you may be considering mediation to avoid the drama of the courtroom and get things signed off faster. While that may be a great idea, you still need to retain an air of caution when proceeding because divorce can sometimes make people do...
Is your spouse hiding assets?
When you file for divorce, all property and assets acquired during your marriage are subject to division. Many couples go through this process in good faith, disclosing all their financial information. Unfortunately, this is not always the case. Some individuals...
After divorce, who keeps that diamond ring?
An engagement ring and/or wedding ring can be a major investment. Some people save for months or years for a diamond. Some rings even cost tens of thousands of dollars. When a couple gets engaged, they may not worry about this cost because they’re just excited to be...
What are commingled assets in a divorce?
Only marital property is divided between a divorcing couple. It includes all assets acquired during the marriage, like a house, vehicle and even retirement accounts. Your personal property is not up for division. However, there are instances when this can change. When...
Three red flags that your spouse may be hiding assets
When a married couple divorces, assets and property obtained during the marriage are subject to property division. Most of the time, divorcing spouses go into this process willing to negotiate and share financial information in good faith, but, unfortunately, this is...
How is debt handled during divorce?
As part of creating their joint life, many couples incur debt during marriage. In the event of a divorce, those debts must be addressed as part of the property settlement. If the couples have a premarital agreement, then the division of debts may already be decided....
Hidden assets and debts are a more common concern than many may believe.
When secrets come to light during the divorce process, those revelations can have a significant impact on your life. This is especially true if your spouse has kept aspects of your finances secret from you, and these secrets can have a long-term impact on your...
Possession of passwords pre and post-divorce
While there are many songs about divorce, one stands out in particular when it comes to asset division. “Who Gets the Family Bible” is a well-known tune representing the difficulties that dividing property in divorce brings. Today, the “family bible” would more likely...
Cryptocurrency in a Maryland divorce
Bethesda residents who watch financial news programs have undoubtedly noticed that cryptocurrency is an increasingly frequent topic. Reports often focus on Bitcoin, the most popular cryptocurrency. Five years ago, a single bitcoin was worth about $540. A year later,...
