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February 2017 Archives

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.

The link between involved fathers and child support

According to a study that examined the link between paternal participation and child support debt, noncustodial fathers in Maryland and the rest of the country who are delinquent with their child support payments see their children less often. They also tend to work fewer weeks in a year and have a greater chance of having children with multiple partners.

Settlement options for divorcing business owners

Chances are that some Maryland couples who own businesses together will go through a divorce. Because it could represent a married couple's most significant asset, a divorce could disrupt the entire business or inflict financial difficulties. Ideally, a prenuptial agreement would guide the division of business assets, but other approaches, such as a buy-sell agreement or a property settlement note, could achieve acceptable outcomes.

Dealing with frozen embryos when filing for divorce

Maryland families who decide to go through the IVF process in order to conceive biological children may not think about what may happen to the embryos they create should they go through a divorce. If a couple does split after the embryos are created, they will have to decide whether they want to have them implanted, donated or ultimately destroyed.