Frederick Maryland Legal Blog

After a car accident, you need to get in touch with your auto insurance provider within 24 hours. Car crashes are dangerous, and you do not want to assume your insurance company will pay for all expenses that arise. 

During your phone call, be careful of what you say. Insurance companies look for any reason to deny claims or pay less. Here are some things you should and should not say during this conversation. 

While all divorces are potentially difficult and complex, couples with a high net worth have particular considerations they must address. Financial decisions are often the source of intense conflict among divorcing couples, and when there are significant assets at stake, these conflicts can quickly escalate.

Not all high-asset divorces have to be conflictual, however. There are several steps you can take to help your divorce move in a direction that strives for shared solutions and a secure financial future.

There are numerous assets to divide in a divorce, such as the house and various antiques the couple may have purchased together. However, many people these days have valuable assets located digitally. Photos stored on a computer may have high sentimental value, and the law needs to catch up to ensure these assets are safe during divorce proceedings. 

One recent court case in Maryland saw precisely this where a husband agreed to return all of the wife's computer files. However, he did not return everything, and the wife had to take him back to court to get what was hers. You need to be proactive regarding all of your digital assets, including social media profiles, music files and pictures, so you can retain them after a divorce. 

When spouses divorce in an equitable distribution state such as Maryland, their assets (and debts) should be divided fairly but not necessarily equally. Of course, many divorce cases never go to trial, and the spouses work out an agreement between themselves.

However, the spouses may be from different financial backgrounds, and it can be a shock for one spouse to realize that he or she faces a different standard of living after divorce. Can a divorce really be fair when one party has a lot of family money but the other does not?