Waldorf Property Division Attorneys

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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.

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

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.