In a high net worth divorce, one or both spouses have a high income or a large number of assets. Traditionally, high-net-worth divorces are defined as divorces involving more than one million dollars in net liquid assets. However, today, high net worth divorces can easily exceed this
What Is Contempt Of Court In Family Law?
Family law cases concerning child custody, spousal support and similar issues are often a cause of conflict. If one party is not satisfied with the outcome of their court case or an order given by a judge, they may fail to comply. Contempt of court occurs when a person does not comply with a family
Tips For Couples Navigating A High Asset Divorce
Divorce is not just a legal dissolution of marriage. It involves many complex components, such as child custody, child support, alimony, and the equitable division of debts and assets. Although no divorce is ever easy, couples going through a high-asset divorce can face certain challenges that are
Pets: Custody or Property?
While an increasing number of states are enacting pet custody laws in family law cases, Maryland is not among them. Here, pets are treated like a chair, desk or computer, as property. While we cannot dispute the unfairness, we have to deal with the reality. If you are divorce planning and want to
Everything You Should Know About A Federal Divorce
Getting a divorce is typically a complicated process, but for federal employees, there are additional considerations that can make the proceedings even more daunting. Continue reading for an overview of everything you should know about a federal divorce. Each Case Is Individual There are several
What Happens To My Federal Benefits After A Divorce?
A divorce can impact many aspects of a person's life with repercussions that can extend well into the future, particularly where federal benefits are concerned. In fact, these benefits often form a substantial portion of the financial considerations in a divorce because they involve crucial matters
How Is My FERS Retirement Affected In My Divorce?
When a federal employee gets a divorce, the question of how their federal benefits will be divided is a complicated one. Learn more about how FERS retirement is impacted by divorce. What Are FERS Retirement Benefits? FERS is a three-tiered retirement program for U.S. federal civilian employees. A
What Is FERS?
The Federal Employee Retirement System, or FERS, is a retirement plan that is provided to all U.S. civilian employees. Anyone who works for the judicial, legislative or executive branch of the federal government can receive FERS. However, it does not apply to employees of state and local governments
