Maryland Property Division Attorneys
Call Our Family Law Lawyers at (301) 870-1200
Divorce can be lengthy and time-consuming, mostly because it takes so long
to divide assets. While
liquid assets (assets that can be quickly converted to cash) are fairly easy to divide,
there are things like houses, cars, and property to consider as well.
Property division also includes splitting shared debts accumulated during
Types of Property
In Maryland, property can be marital or separate.
Marital property is all property acquired by a couple throughout the course of the marriage.
During divorce proceedings, marital property will be subject to property
division. Maryland is not a community property state. Rather, it abides
by the principle of equitable distribution, which calls for “fair”
(but not necessarily equal) division of property and assets between divorcing spouses.
Who Gets What?
While you might think all marital assets are divided equally, this isn’t
always the case. Under Maryland law, the division may not be equal, but it
will be equitable. Fairness is the ultimate goal. The court will take a look
at all marital property and assign a monetary value to it. If a divorcing
couple can’t manage to solve property division on their own, they
will need to go to court or rely on an excellent Maryland property division
attorney to negotiate a settlement. If a judge or arbitrator looks at
your case, they will weigh some of the following factors:
- Length of marriage
Whether or not a spouse will receive
- Each spouse’s age and health
- Each spouse’s contribution to the family
- Each spouse’s income and economic circumstances
- Marital misconduct
- Each spouse’s contribution of separate property to the marriage
Call Us Today to Discuss Your Situation
Property division can be legally complex. Trust our Maryland family law
attorneys with your case. We can help you both in and out of court. If
you’re ready to begin,
contact us at (301) 870-1200 or fill out our online form for a case consultation.
We serve the following counties: Charles, St. Mary’s, Calvert, Prince
George’s, and Anne Arundel.