Marital Property
We do not have community property division law in Maryland. What does that mean to you? The courts do not have to divide marital property on an equal (50/50) basis! This means that your spouse may receive anything from some to all of the marital property, depending on what the judge decides or what you and your spouse agree on.
Don’t waste your money on dividing sticks and stuff. Even if you bought high-end artisan furniture, as soon as you took delivery of it, it lost substantial value. However, there are other property issues — involving real property, businesses, retirement assets, and the like.
In Maryland, you need divorce lawyers to help you get the most sensible deal possible when dividing your marital property. Marital property is anything you acquire during marriage, with some important exceptions . . . each of which has its own exceptions. It can be a landmine without legal guidance by experienced Maryland divorce lawyers. Dividing marital property shouldn’t leave either spouse in the poorhouse. The best way to do it is by crafting a fair and reasonable agreement with your spouse. There are many ways to do this, most of which can avoid a result that involves a court decision.
We can help you whether you just need some legal guidance in working out a marital settlement agreement; mediating an agreement; or, if all else fails, by asking the court to make a decision when your spouse refuses to cooperate. Call us now to schedule an appointment.