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A Pre-Nuptial Agreement is a contract negotiated and signed by a couple prior to their marriage. It is recommended that a couple have a Pre-Nuptial Agreement in situations where one or both have children from prior marriages and/or one party has substantially more assets than the other.
A Separation Agreement is a permanent contract between spouses, negotiated with assistance of independent counsel, which resolves all issues related to the dissolution of the marriage.
When possible, it is beneficial for the parties in a divorce to come to a fair agreement resolving issues of support, property, custody, visitation, and use of the home.
Under Maryland law, child support is determined based on the Income Shares Model. Therefore the monthly support amount for the child is proportionally shared between the two parents based on their incomes, past W-2s, and child support worksheets. One parent will then pay the other parent his or her share of child support. Considerations will also be made for existing debt, property settlement, mortgages, other children or any other financial considerations.
|Your Right to Child Custody, Visitation & Support
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"A Plain English Guide to Protecting Your Children"
Author: Mary L. Boland, Attorney at Law
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