Divorcing couples in Maryland and elsewhere will likely be anticipating the issues that are commonly associated with the end of a relationship. Maryland is an equitable distribution state, which allows divorcing couples to come up with fair -- court approved -- ways in which their assets will be divided. A lot of attention will be paid to determine who is to get what, and divorcing couples may also be aware that incomes, inheritances and retirement funds need addressing in the property division process.
However, these matters, combined with the many decisions that have to be made about child custody, parenting plans and visitation, may be overwhelming, and some important issues may go unaddressed. It is not uncommon for the parent who will keep the children to assume responsibility for the family home, without considering the ongoing expenses of maintaining such a property. The future value of the home will be unknown; therefore, a retirement fund could prove to be more beneficial.