Frederick Maryland Legal Blog

Tips when preparing for a high-asset divorce

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.

Photos you take after a car crash often prove helpful

If you are the victim of a car crash, even a minor rear-end collision, the first thing to do is to check yourself and your passengers for injuries. The next steps involve documenting the incident, if you are well enough to do so. You will want to collect information, and your cellphone camera will be quite helpful at this time.

Call the authorities

How to protect digital assets in a divorce

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. 

What constitutes financial fraud in a divorce?

If your Maryland marriage appears to be breaking up, your life undoubtedly is difficult, emotional and stressful right now. You worry about your kids if you file for divorce. You worry about yourself. You may even have the added burden of worrying about whether or not your spouse is hiding assets from you so that (s)he will have the advantage in your upcoming property settlement negotiations

Hiding assets and financial fraud are one and the same. It means that your spouse is deliberately attempting to do something illegal in order to deprive you of what is rightfully yours, i.e., your share of the marital assets.

Can a divorce be fair if one party has a lot of family money?

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?

How a mechanic's lien is interpreted under Virginia Law

The modern form of a mechanic's lien can be traced to Thomas Jefferson, who used the concept in promoting the construction of Washington, the new capital city of our young republic.

Today, the Supreme Court of Virginia, like other such courts in other states, maintains and updates the law concerning liens such as this one that seeks to protect the interests of contractors.

Steps when a drunk driver hits your car

You will naturally go through a lot of emotions when another driver hits your car. You will likely feel even more upset when you discover the other driver is under the influence of alcohol or drugs. Maryland has strict laws for drunk drivers, even if they are first offenders, so you should not hesitate to contact the police. 

As much as the other driver may plead, you always want to contact the police to get an official report of the auto accident on record. Additionally, you may have sustained injuries from the collision, and a police report will help with your insurance claim. Here are the other steps to take following this incident:

Avoiding common mistakes after a car accident

It is not uncommon to feel confused and overwhelmed after an auto accident. It can be hard to keep your head on straight, not to mention make wise decisions that can protect your case and keep you from a false accusation of liability. You and other Maryland residents should understand what may either complicate your case or help it go more smoothly.

According to HowStuffWorks, doing the following immediately after an accident may hinder your personal injury case, rather than help it:

  • Reacting in anger and losing your temper, rather than calmly speaking to authorities and the others involved
  • Refusing to call law enforcement
  • Leaving the scene of the accident, which can be considered a crime
  • Apologizing, which may seem polite but could sound like an admission of guilt
  • Speaking with the other driver’s attorney or insurance company
  • Accepting the other insurer’s offer without talking to your insurance company or attorney first

Debunking 4 common myths of car accidents

Dangerous car accidents occur all the time in Maryland. Take the case of a crash involving three vehicles on April 8th that resulted in the hospitalization of five people. 

Sometimes, crashes would have fewer long-term consequences if the drivers involved knew exactly what to do. Unfortunately, many myths persist regarding traffic collisions, and one mistake can greatly affect the amount of money someone receives from the insurance company. 

Dividing retirement accounts during divorce

Division of assets is one of the most argued elements of divorce. Whether a couple was married for two years or 20, property adds up fast and it doesn’t split neatly down the middle.

Maryland is an equitable distribution state, meaning the property a couple acquires during marriage will be split in divorce fairly, though not necessarily a perfect 50-50. While there is such a thing as separate property, which is owed by just one of the parties, there are usually special considerations for this.

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