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.
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.
No one anticipates that their marriage will result in a divorce, just as no one anticipates that their financial life will result in bankruptcy. Going through a divorce or declaring bankruptcy are stressful enough on their own, but what if both are happening at the same time? For some people, divorce and bankruptcy will go hand in hand.
For divorcing couples with significant assets, division of property is one of the biggest hurdles they face. In Maryland, assets are distributed equally during a divorce. This means the court systems do not have to divide the assets between the spouses equally so long as the distribution is fair. Judges consider the length of the marriage, what each spouse contributed to the marriage and the economic circumstances of each spouse when dividing assets.