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Divorce in Maryland and elsewhere can prompt PTSD symptoms

Ending a marriage is a stressful, difficult time, whether a person is going through it in Maryland or any other state. People who've endured a particularly contentious divorce say it changes a person in many ways. One recently divorced woman says she now has Post Traumatic Stress Disorder, a condition some experts say is more common after divorce than they originally believed it to be. The woman says she feels as if her divorce and the events surrounding it put her in a war zone. She claims her ex-husband allegedly did everything he could to draw out the legal process. She says he subjected her and their children to emotional abuse and made it difficult to function on a daily basis. She is currently undergoing treatment for PTSD and hopes to be fully recovered in the near future. Studies show that a person who undergoes an event that is traumatic…

Valuation and division of business assets difficult in divorce

For Maryland business owners, the end of a marriage can bring significant damage to the structure of a business. Some savvy entrepreneurs will have drafted prenuptial or postnuptial agreements that address the manner in which the valuation and division of business assets should take place in the event of a divorce. However, many business owners did not foresee the end of their marriage, and did not envision a scenario in which they could lose a portion of what they worked so hard to build. Absent a marital contract, business assets are subject to the same process of division as any other form of marital assets. This means that both spouses will share in the divided value of the business, regardless of how much or how little either party contributed to the success of the venture. The first step of that process is placing a monetary value on the business. In…

Division of marital assets in Maryland: Who gets to keep the dog?

Deciding which spouse will gain ownership of the family pet during a divorce can be one of the most difficult aspects of the process. Especially when both spouses are particularly fond of the animal, it could be next to impossible for them to come to some kind of an agreement on pet ownership during the division of marital assets. As divorce rates have risen in recent years, it seems that the issue of pet ownership is becoming even more important in marital separations that occur in Maryland and other states. In one case, a miniature dachshund was a gift, given to one spouse by the other. The present was to be seen as a consolation because that spouse was forced to give up her cat so that the couple could live together. Now, the spouse who received the dog says it has become her soul mate and the ultimate love…

Murdoch divorce made use of prenuptial and postnuptial agreement

Maryland residents may be aware of the high-profile divorce of media mogul Rupert Murdoch and his wife Wendi Murdoch. The end of the marriage has made headlines across the nation due to the enormous wealth held by the couple, accompanied by speculation on whether the divorce would be highly contentious. The matter was recently resolved, however, with the announcement that the couple have reached a settlement. That process was likely aided by the existence of not only a prenuptial agreement, but more than one postnuptial agreement, as well. The Murdochs wealth is largely tied into publishing company News Corporation and 21st Century Fox. Those holdings are estimated to be worth around $13 billion. The couple have two young daughters together, and Mr. Murdoch has four other children from previous marriages. All six children hold equal interests in the family trust, which contains most of the wealth amassed by Murdoch's media…

EX-SPOUSE PLEADS GUILTY TO OWING AROUND $90,000 IN CHILD SUPPORT

Many in Maryland know that child support can be an extremely complex and demanding ordeal for both parents involved. The parent raising the child alone often has to struggle to provide adequate food and clothing for their child, and the parent sending payments must sometimes worry about not having enough income to afford payments. One divorced mother has been forced to experience some of these issues first hand when her husband failed to make child support payments for nearly 20 years. Authorities say that the woman's ex-husband, a 54-year-old man, had around $90,000 in unpaid child support payments in 2011. After the county and the state seemed incapable of collecting from the man, his case was transferred to a federal level. The man eventually pleaded guilty for his failing to pay child support, and a court date is currently being determined. The report did not mention if the mother had…

Minimize divorce fees by providing full financial disclosure

You deserve a divorce that's not going to degenerate into a virtual crap shoot. In Maryland and elsewhere, the first thing to do after making a decision to go forward with a divorce is to go out and retain legal counsel. Many attorneys don't charge for an initial consultation, so that you can obtain considerable up-front information without obligation. For starters, there's nothing more important or self-assuring than starting out with a full arsenal of knowledge about what lies ahead. Legal fees in a divorce usually are on an hourly rate. It's common to see an initial retainer that the lawyer bills against, and when that's depleted you'll replenish it. In either event, you'll be given a written agreement setting forth a fee schedule that you must sign and approve. Remember that you can save money on legal fees and have a more cost-effective divorce by providing counsel early on…

Reality TV star’s 72-day marriage appears to be over

Maryland residents have likely followed along as reality TV star Kim Kardashian pursued a divorce from her estranged husband Kris Humphries. The pair was only married for 72 days. However, their divorce saga has gone since October 2011. Today, a judge approved a divorce settlement. The couple will officially part ways once they have signed the proper documents. The marriage between Kardashian and Humphries was quite short. Some couples decide to divorce after decades of marriage. In any case, people may find that continuing on with the marriage is not an option. As this recent case showed, divorce is rarely a simple process. There are many different issues that must be settled before a couple can officially go their separate ways. The division of marital property, child custody disputes and child support issues can be complicated matters to resolve. In addition to working through legal issues, people in Maryland and…

Heavy drinking could lead to breakdown in marriage

Many people in Maryland and beyond enjoy having a glass of wine or other alcoholic beverage with their spouse after a long day at work. However, one spouse's reliance on alcohol may cause problems in the marriage. Earlier this year, research from the Norwegian Institute of Public Health showed that divorce is more common among couples in which one spouse drinks significantly more. This appears to be particularly true when the wife drinks too much. This is a trend that seems to be occurring in other parts of the world beyond the United States. A British family law attorney says that she handles many cases every year in which drinking was the main cause of the divorce. The attorney says that many times it is the women who have the problem. The breakdown of a marriage can be caused by a number of factors. Unfortunately, there is not a secret…

Breaking off the engagement? Who keeps the ring?

Residents in Maryland may not have ever pondered this question before, but with many break-ups following the displayed passion of Valentine's Day, some must ask, who gets the engagement ring when things don't work out? Dividing property, especially prior to marriage seems odd, but it can often lead to conflicts among couples who can't keep it together. Couples who decide to separate prior to ever having walked down the aisle must take into account many of the same factors that divorcing couples do. Many states have differing laws on what to do with the engagement ring upon a break-up. Some consider the ring an outright gift, especially if given on a holiday, while others view it as a condition gift to be given back once the wedding is called off. In Maryland, as a general rule, the ring is considered to be a conditional gift that is to be returned…

Taking your time with the divorce now may save you later

Many Maryland couples who are experiencing the hurt and discord associated with divorce proceedings often just want the whole thing completed as quickly as possible. Some experts are cautioning against that impulse though in order to save you money and further heartache down the road. Of the divorce lawyers who were interviewed, the consensus seems to be that when going through the difficult divorce proceedings, it is best to (1) be truthful, (2) know your assets, and (3) choose your timing carefully. These three pieces of advice can go a long way in helping couples avoid a hasty end to the marriage that leaves money or future headaches on the table. 1. Be truthfulIf you are dishonest about either financial or non-financial aspects of your marriage, it may come back to haunt you in court and in your pocketbook. If you need to, hire a financial expert to help you…