Divorcing Maryland parents are generally more concerned about the welfare of their children than any other issue. The court system requires a parenting plan, which typically details specifics regarding child visitation and financial support. It also designates who will be in charge of major decisions regarding the children's medical and educational paths. While the parenting plan provides a broad outline, much is left to the parents regarding how they interact with each other and the children. Psychologists and therapists have formed a general consensus about how parents should deal with children in the aftermath of divorce.
Those going through a divorce in Maryland know that it can be a stressful and expensive process. In addition to ending a relationship and the issues inherent to separation, a court process adds to the stress. Contentious hearings can be difficult on parties and costly, and a party never really knows whether a court will rule in his or her failure.
Maryland residents who plan to get divorced should take some steps to prepare before they file. Getting their finances organized can make the process much easier.
A retirement account might be one of the most valuable assets a Maryland couple needs to divide in a divorce. To avoid paying unnecessary taxes and penalties, it is important that the spouses take steps to divide the accounts correctly.
The rate of divorce for Maryland residents and others who are 50 and older has doubled in the past 25 years. Those who get divorced can benefit from taking steps such as inventorying their assets or asking for alimony as a lump sum payment as opposed to a monthly check. Asking that a former spouse take out a life insurance policy may also protect alimony payments.
People planning for marriage in Maryland may be considering a prenuptial agreement but are concerned about the potential emotional fallout of the decision. Some individuals may fear that considering a prenup sets them on the road of preparing for divorce long before their marriage vows are completed. In some cases, it may seem as if one partner's family is putting pressure on the relationship and hoping for a failure. Despite many of the negative stereotypes and beliefs that persist around prenuptial agreements, when handled well, they can bring a couple closer together.
Maryland residents who are ending their marriages and have an acrimonious relationship with their estranged spouse might think that the divorce court is the perfect place to get revenge. However, there are multiple reasons a divorce should not be considered as a form of payback.
Alimony, or spousal support, has always been a heavily contested matter in divorces for people in Maryland and elsewhere around the country who are reaching the ends of their marriages. Like other financial issues, such as property division, the negotiations over spousal support can be lengthy and difficult. However, spousal support issues may become even more complicated following changes to the U.S. federal tax code adopted as part of the December 2017 tax reform bill.
Divorcing Maryland couples have a lot of legal issues on their plates such as deciding on child custody and support, alimony, who gets the house and how to divide other marital property. The last thing on their minds is probably health insurance coverage.
Many Maryland residents have had the experience of going through a divorce, but each one represented a unique set of personal circumstances. Because ending a marriage naturally creates a divisive and emotional atmosphere, people could benefit by surrounding themselves with supportive friends and advisers and by being honest with themselves and others.