Terenzini & Lucero Blog
In today’s economic climate, many individuals are grappling with financial challenges. These difficulties often lead to tough decisions, such as considering bankruptcy. The complexities of bankruptcy can be daunting, especially when considering its impact on your hard-earned retirement savings. One significant concern for those planning for retirement is how bankruptcy
A vacation home can be quite valuable. It might serve as an income property, and its value can quickly increase. On top of that, you might enjoy the time that you get to spend at the property. For these reasons, people often fight tooth and nail to keep a vacation
Co-parenting after a divorce can be a challenging journey. Unfortunately, there is not one easy trick to master it. Instead, it requires dedication, open communication and a commitment to prioritizing your children’s needs. Navigating co-parenting involves understanding legal aspects and obligations. Key components include establishing legal custody, physical custody and
When debt levels reach unsustainable levels, people have to make difficult choices. Sometimes, they need a fresh start, and reducing their current debt levels is the best way to achieve that goal. Bankruptcy is the most effective way to eliminate certain debts and regain control over a household budget. Individuals
Anyone in Maryland who has children will probably agree that disagreements between parents about childrearing are common, even in the most stable of marriages or relationships. We all have different ideas of what is right. And, if you find yourself in the opening stages of a child custody dispute in
Often, financial problems and marital problems go hand in hand. Maryland residents going through divorce frequently are also good candidates for a bankruptcy. Thankfully, a person may do both around the same time. Since there are not rules against it, they may even file divorce case while a bankruptcy case
Divorce is complicated, challenging and emotionally draining. It can also be financially draining, particularly when it comes to dividing assets. Maryland law divides marital property in a way that is fair (equitable distribution), but this can make the property division process scary since it is a black box as to
People preparing for divorce in Maryland often worry about how ending a marriage could affect their daily lives. Often, the biggest concerns people have about divorce are about the financial implications of dividing their property. However, other people worry about their family relationships. In cases where people share children, arranging
A covenant marriage is a distinct legal arrangement recognized in some states, and it has become a hot topic as the current speaker of the House of Representatives was married under this framework. In this type of marriage, couples agree to pre-marital counseling and accept more limited grounds for divorce.
There are many issues that will come up in any Maryland divorce whether it is reasonably amicable or rife with conflict. People need to prepare for the future after their marriage is over and that means knowing how they will organize their finances. Alimony is a fundamental part of that.