Not only are taxes one of the few things in life you can count on no matter what, but at this time of year, we’re reminded that taxes and resulting financial issues are nearly as consistent and inevitable.
Unfortunately, one common refrain we hear from clients, particularly at this time of year, is that money issues are often a primary cause of divorce. And further, those money issues may stem from tax problems such as growing amounts of back taxes owed and penalties, or even instances of tax fraud committed by one person in a marriage.
Certain studies indicate that money issues and arguments rank as highly as the 3rd most common cause of divorce. Meanwhile, if you factor in resulting arguments and stress from money matters spilling over into how a couple treats one another, and disagreements over how to live their life together which are related to finances in some way, it’s likely even higher.
Once financial issues and tax problems turn into marital problems, and those marital problems take you down the road of separation and divorce, then money still remains at the forefront. Money issues are of course one of the largest issues present in a majority of divorce cases. Couples are faced with dividing their property, including stocks, investments, retirement assets, and real property, as well as dealing with child support and alimony obligations.
There’s simply no denying money’s role in a marriage, and in many cases, in its end, and its aftermath. And those money issues may occur due to taxes, a cruel reminder at this time of year.
With all of this at stake, it’s always crucial to find an experienced attorney who’s willing to fight on your behalf, and protect your interests. If you find yourself in this position, then please do not hesitate to get in touch with us at the Law Offices of Brandon Bernstein.
We’ll take up your case and your cause, and offer an approach tailored to your needs. Call our office at 240.395.1418 to schedule a free initial consultation to learn more about how we can help as your divorce attorney in Maryland.