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divorce Archives

The deductible nature of alimony

When a Maryland couple gets a divorce, there are several factors that govern the tax treatment of alimony. Under the Internal Revenue Code, the person making alimony payments can deduct them while the recipient has to include the payments in income. However, there are a few requirements that need to be met, and a 2017 U.S. Tax Court case illustrates this.

The link between unemployment and divorce

Maryland couples might be more likely to divorce if the husband does not work full time. According to a study conducted by a Harvard sociology professor, a wife's economic independence has little bearing on whether or not her marriage lasts. Household chores also do not appear to be an issue. However, in any given year, if a husband worked full time, the marriage had a 2.5 percent chance of ending in divorce. If the husband only worked part time, the likelihood rose to 3.3 percent.

About gray divorces

Maryland residents may be surprised to learn that the factors that indicate an older couple may be at risk for a divorce may not be what they automatically assume. The risk of divorces among individuals who are 50 years old or older are not spread evenly among them. Thirty-four percent of gray divorces occur among couples who have been married more than 30 years, while those who have been married over 40 years account for 10 percent of gray divorces.

How alcohol or drug abuse affects child custody

A divorced Maryland parent who has a child custody agreement in place and finds out that the other parent is abusing alcohol or drugs may be concerned about the child's safety. It might be necessary to take out a restraining order against the other parent or to deny that parent visitation. However, a parent may also need to take formal steps to get the custody and visitation agreement changed.

The positives and negatives of prenuptial agreements

When Maryland couples are discussing getting married, they should consider putting together prenuptial agreements. While some couples believe that these documents signify that their marriages will fail, most people actually use them to protect themselves, especially if one or both individuals are entering a marriage with significant assets.

Divorce rates increasing in those aged 50 and older

Maryland residents may be interested in recent data that has been released that show that divorce rates among adults age 50 and older have almost doubled since 1990. In 2015, 10 out of every 1,000 people age 50 and older were divorced. These 'gray divorces" may present a variety of unique legal challenges and consequences compared to divorces among younger couples.

Reducing the emotional fallout for children during a divorce

The end of a marriage can be difficult for Maryland couples, but it can be even more so when they have children. Studies show that divorce has lasting effects on kids no matter what their age. To help reduce the emotional fallout, parents should try to live together until the divorce is finalized, and if that is not possible, they should set up a temporary visitation schedule.

Why some couples opt for a prenup in Maryland

Since about half of marriages end in divorce, it can be wise for a couple to get a prenuptial agreement. A prenup allows a couple to determine how assets will be divided and how other matters related to a divorce will be handled if the marriage fails. Because divorces can have major ramifications, it can be very helpful to know the outcome of a divorce, should it occur, in advance.

3 things to know about going through divorce and bankruptcy

Bankruptcy and divorce sometimes come hand-in-hand. Imagine how long you've been fighting with your husband over your debts. Now, you have to split them. You know that it was his bad choices that put you in debt, yet a divorce could mean you have to pay for some of those debts yourself. Here are a few facts about bankruptcy and divorce to consider.