Waldorf Property Division Attorneys Call Our Family Law Lawyers at (301) 870-1200 Proudly Serving Charles, St. Mary’s, Calvert, Prince George’s, and Anne Arundel Counties 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 the marriage. How Property Division Works Under Maryland Law Maryland follows an equitable distribution model, meaning property is divided relatively—but not always equally—between divorcing spouses. The law distinguishes between marital property (acquired during the marriage) and separate property (owned before marriage or acquired by gift/inheritance). While this distinction may seem simple, financial entanglements during a marriage often blur the lines. Both spouses must identify and disclose all assets and debts during the divorce process. The court then assigns a value to each asset and determines what is marital and what is not. Some assets cannot be physically split—like a retirement account or a closely held business—so the court may issue a monetary award to balance the distribution. A family law attorney in Waldorf, MD, plays a key role in presenting financial records, property valuations, and arguments that support their client’s interest in the distribution. Key Factors That Influence Division Outcomes The court weighs multiple factors when deciding how to divide marital property. These include the duration of the marriage, each party’s contribution (financial and non-financial), the circumstances that led to the divorce, and each spouse’s earning capacity. If one party sacrifices career advancement to support the household or raise children, that contribution is considered. Maryland courts may also evaluate whether one spouse will receive alimony, the health and age of both parties, and whether either contributed separate property to the marriage. For example, if a spouse used premarital savings for a down payment on a home, the court might assign a different share of the property’s value during distribution. Valuation and Timing Considerations Asset valuation is another significant component of property division. Courts must establish current fair market values for homes, vehicles, business interests, and investment portfolios. High-asset divorces can involve expert appraisals or financial professionals. The court generally uses the value at the time of trial, which may differ significantly from the date of separation—especially if market conditions or financial decisions changed in the interim. Timing matters when it comes to asset classification as well. Property acquired after separation but before divorce may still be considered marital if funded using matrimonial assets or income. Working with property division attorneys is critical when assessing how timing affects ownership claims. When Custody and Property Decisions Intersect Property division often overlaps with custody decisions. If one parent is awarded primary custody, the court may allow that parent to remain in the marital home, particularly if moving would disrupt a child’s stability. This factor may shift the balance in asset allocation to ensure both parties are treated relatively despite one retaining a larger piece of real estate or personal property. Additionally, support obligations can influence distribution outcomes. A parent ordered to pay child or spousal support may be assigned less marital debt or a more minor monetary award. A Waldorf child support attorney can address how these elements work together to create a long-term financial structure post-divorce. 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 Waldorf 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 alimony 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 FAQ: Property Division in Maryland Divorce How is marital property defined in Maryland? Marital property includes most assets acquired during the marriage, regardless of who holds the title. This can include homes, cars, retirement accounts, and even debts. Is everything split 50/50? No. Maryland uses equitable distribution, meaning assets are divided fairly but not equally. What if my spouse and I can’t agree on what’s fair? If you can’t resolve property issues through negotiation or mediation, the court will decide based on several legal factors. Can I keep my inheritance or gift during the marriage? Yes, if you keep it separate from joint finances. Commingling it with marital funds may affect its classification. How does the court value our assets? The court usually looks at fair market value at the time of trial, which may differ from when you separated. What happens to shared debt? Debt is treated like property. The court will determine whether it was marital and divide it accordingly. Do I need a lawyer to divide property? While it’s not required, having a property division attorney or family law attorney can help protect your financial interests and simplify the process. Communities We Serve Our firm proudly serves clients throughout Southern Maryland and the surrounding area. We handle divorce and property division matters for individuals in: Waldorf La Plata St. Charles Leonardtown Prince Frederick Upper Marlboro Bowie Clinton Lexington Park Owings Lusby Brandywine Call Us Today to Discuss Your Situation Property division can be legally complex. Trust our Waldorf 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.