If you are going through a divorce in Maryland or considering the possibility, it is important to understand how alimony works. Alimony is the process whereby one spouse is ordered to pay money to the other spouse after a divorce. Alimony in Maryland is gender-neutral, meaning that both men and
What Is Considered a High Net Worth Divorce?
Divorce is never easy, but when large amounts of money are involved, the process becomes much more complicated. A high-net-worth divorce is a divorce in which one or both spouses have a large amount of net liquid assets, usually more than one million dollars. There is an exhaustive list of
How Divorces Change For Spouses With A High Net Worth
Divorce can be complicated regardless of income or assets. However, couples with a high net worth often face many challenges that can considerably extend the process. Investopedia defines a high net worth individual as a person with liquid assets of more than one million dollars. Although high
How Long Does Alimony Last In Maryland?
If you are currently going through a divorce or are about to enter divorce proceedings, you likely have a number of questions about how the process works and more importantly, how long does alimony last in Maryland? One of the most critical factors that may influence your future after divorce is
How Does Alimony Work In Maryland?
If you are considering or are in the middle of a divorce in Maryland, you may be worried about how alimony will affect your case. Alimony, or payments made to a spouse during or after a divorce, can be a complex subject and factors ranging from a spouse’s ability to work to the other spouse’s
What Is Alimony?
If you are currently considering or about to be going through the process of a divorce, you may have heard reference to the term alimony. Alimony is a central aspect of many divorce cases, so it is critical that you understand what it is and how it may affect you, whether you are parting with your
Can You Prove Cohabitation To Stop Alimony Payments?
In Maryland, when alimony is awarded by the Court, it will be terminated upon the death of either party, the remarriage of the alimony recipient, or payment of the alimony in full – whichever comes first. There are also courts that will either terminate or reduce alimony payments if the recipient
Divorce & The New Alimony Statute
Here’s the real question: Do the new tax laws affecting alimony negatively affect you? On January 1, 2019, alimony will no longer be taxable to the recipient. Instead, it will be treated much like child support. Alimony will also no longer be tax deductible to the payor. That’s a huge blow to the
