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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…

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…