-
Valuing a Business in an Annapolis Divorce: What Litigators Look For
Key Takeaways During divorce proceedings, experienced Annapolis divorce lawyers closely examine when a spouse’s business started, how marital funds helped it grow, and its current value. Maryland courts rarely split the company itself, although they can order a monetary award based on its marital value. Valuation methods, goodwill rules, and hidden income can swing that…
-
Can a Maryland HOA Foreclose Over Unpaid Dues? An Annapolis Board Member’s Guide
Key Takeaways Maryland HOA lawyers at Oliveri & Larsen help boards and homeowners navigate assessment liens and foreclosure protections. Foreclosure is not an immediate response to a missed payment. Maryland requires specific steps, accurate records, and separation of foreclosable amounts. Can an HOA Really Foreclose in Maryland? Yes. Maryland’s Homeowners Association Act allows an HOA…
-
Fannie Mae’s 15% Reserve Requirement for Condominiums: What Associations Need to Know for 2027
Fannie Mae requires condominium associations to allocate at least 10% of their annual budgeted assessment income to replacement reserves, increasing to 15% starting January 4, 2027. [1, 2] Key Reserve Requirements Using a Reserve Study as an Alternative If an association does not meet the strict percentage contribution in its annual budget, lenders can look…
-
Maryland’s No-Fault Divorce Law: What the 2023 Changes Mean for You
Key Takeaways Maryland significantly changed its divorce laws on October 1, 2023. Today, a spouse does not need to prove adultery, cruelty, desertion, or another form of wrongdoing to obtain an absolute divorce. Instead, Maryland’s no-fault divorce law provides three grounds for ending a marriage, including a new irreconcilable-differences ground. What Changed on October 1,…
-
When to Stop Negotiating and Take Your Annapolis Divorce to Trial
Key Takeaways The Annapolis divorce lawyers at Oliveri & Larsen help clients decide when to go to trial when divorce negotiations are no longer producing fair results. Many Maryland divorces settle because settlement can reduce stress and uncertainty. However, a lopsided agreement can affect property, parenting time, support, and financial security for years. The question…
-
What Should Every Business Owner Know About Buy-Sell Agreements?
Business owners spend years building value, customers, systems, relationships, and goodwill. However, many owners do not plan for what happens if one owner dies, becomes disabled, retires, gets divorced, files for bankruptcy, wants to leave, or has a serious disagreement with the other owners. A buy-sell agreement answers those questions before uncertainty becomes conflict. For…
