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Annapolis Divorce Law Blog

Property division could face complications in Maryland

The legal proceedings that individuals will likely go through when ending their marriages can often be complicated affairs. In many cases, property division is among the most contentious processes as many Maryland residents and individuals across the country work to ensure that they are getting their fair share. If parties are dealing with particularly complex assets and division, they may wish to seek assistance. 

One man in another state is currently dealing with questions regarding property division. Reports stated that the man had been wrongfully incarcerated, and while in jail, he met a woman and got married. He was later released after being exonerated, and after pursuing various lawsuits pertaining to his incarceration, he achieved a $20 million settlement. However, he and his wife are now getting divorced, and the woman believes she should have some claim to that settlement.

Mediation may be viable option for Maryland divorce cases

Many individuals who have decided to end their marriages may feel apprehensive about the legal proceedings involved. Luckily, divorce does not necessarily have to lead to complicated litigation. Many divorcing Maryland residents may be able to utilize mediation as a less intimidating process. Both individuals involved could express their wishes, and a mediator could assist in negotiations.

Individuals with children may also find mediation to be an agreeable process as it may lead to less stress for everyone involved. Rather than having children caught in the middle of tense court proceedings or having to deal with overly stressed parents, civil negotiations could lead to a calmer environment as the marriage dissolves. Parents could also discuss their custody desires and come to terms during their mediation proceedings. 

Divorce impacts may worry Maryland residents

The process of ending of a marriage affects everyone differently. The outcomes could have emotional and financial impacts that individuals must deal with for a considerable amount of time. Therefore, Maryland residents going through divorce may want to ensure that they understand what goals they would like to work toward and how to take action in hopes of achieving them.

Financially speaking, divorce can be costly. The outcomes for alimony, child support and property division can all leave individuals facing very different financial situations after the separation than before. Therefore, individuals should be open to negotiating in an amicable manner in hopes of taking less time to come to terms and in an effort to make those terms as agreeable as possible. 

Glen Rice achieves child support modifications

Having a child is a substantial responsibility, and some parents may face varying circumstances when it comes to the care for their child. Divorced parents or parents who were never married often have to contend with custody and child support agreements that other parents may not have to worry about. Though these arrangements are often made with the best interests of the children in mind, the parents can sometimes struggle. 

Maryland residents may be interested in a case concerning Glen Rice, a former NBA player. Reports stated that in 2010, Rice was part of a paternity case due to having a child out of wedlock. The case ended with Rice being required to pay the child's mother $1,500 a month in child support. 

Maryland residents may be interested in Jolie-Pitt child custody

Some Maryland residents may look at their favorite celebrity couples and think that they will be together forever. However, being held to such a high standard is not always realistic, and even individuals in the limelight can face relationship problems. These issues may be particularly difficult for celebrity couples with children as any child custody and divorce news will undoubtedly be reported on.

Angelina Jolie and Brad Pitt are likely attempting to deal with such circumstances after Jolie recently filed for divorce from Pitt. Reports stated that the actress cited irreconcilable differences when petitioning for the divorce, but details on what those differences might have been were not disclosed. The couple has been married for two years but have been in a relationship for over a decade.

Property division may be key in Maryland gray divorce cases

Taking the step to end a marriage is a decision that may not come until later in life for some Maryland residents. However, if this decision is made, there are many aspects that individuals over the age of 50 may need to consider that may have less of an impact on younger parties. Finances are certainly an important area to address, and property division during gray divorce could have a considerable impact.

When it comes to dividing property, understanding the value of different assets may be key. Because money in a checking account may be considered differently than money in a retirement account, what may look like the same amount on paper could actually be viewed differently. Some accounts and assets may have potential to become more valuable later on while others could possibly lose value. 

Property divison issues re college funds in a Maryland divorce

Many parents save money to put toward their children's college funds. If those parents decide to divorce, those funds may become a point of concern when it comes to property division. In those circumstances, Maryland residents may wish to find out more about how certain accounts could be affected when it comes to divorce proceedings. 

If the funds are in a 529 savings plan there is a chance that an ex-spouse could change the beneficiary designated on those funds. As a result, that individual could use the funds for something other than the college tuition of any children and could in fact potentially spend it on a child from a second marriage. Therefore, individuals may wish to specify in their divorce settlement that the funds are to be kept for their original intended purpose. 

Mental issues could play role in Maryland divorce cases

There are various grounds on which individuals may be declared mentally incompetent. If this happens and an individual later wants a divorce, issues could arise concerning the individual's ability to make sound decisions. State law could play a considerable role in whether a person who has been declared mentally incompetent is able to carry out his or her desire for divorce. 

Maryland residents may be interested in such a case currently taking place in another state. Reports stated that a man was declared incompetent and that his wife was named as his guardian. However, the man objects to being considered mentally incompetent and now wants to get divorced. State law has not allowed a mentally incompetent person to get divorced in decades, but the man's case recently reached the state's highest court.

Property division may be complex in gray divorces in Maryland

Many older Maryland residents may soon become more familiar with the term "gray divorce." This phrase is often attached to divorce cases that involve individuals over the age of 50. Because these older individuals are ending their marriages later in life, it is likely that they have accumulated considerable assets and may worry about how divorce will affect their retirement. As a result, property division proceedings could play a major role in their futures. 

Because retirement could be such a focus at this time in a person's life, he or she may want to protect retirement funds. However, property division and the ending of the marriage itself may result in individuals facing a situation that may lack the convenience of their previous arrangements. Individuals may have a more difficult time attending to the expenses of life without the assistance of their spouses, and as a result, they may need to dip into their retirement funds early.

Mediation may help Maryland residents with divorce

When couples discuss divorce, there are many instances in which one individual may feel caught completely unaware by the situation. Because each party may view his or her marriage differently, there is a chance that individuals may not know how to handle their divorce moving forward. However, if parties are able to communicate and interact on relatively friendly terms, mediation may be a viable course to consider.

Before filing for divorce, some Maryland residents many wish to have an open discussion with their spouses about why the situation has come to this point. Some may call it a "negotiated farewell" in which both parties express their feelings and potentially come to a mutual decision regarding the ending of the marriage. If such a task is successful, individuals may be suited for divorce mediation.

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