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...
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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,...