DIVISION OF MARITAL PROPERTY

Maryland law requires that Judges divide marital property on an equitable basis. This means marital property is divided by weighing various factors and circumstances that existed during the marriage, and/or separation, to arrive at a fair decision. Factors include: what each party contributed to the marriage (both monetary and non-monetary contributions), whether and how either party contributed toward the downfall of the marriage, each party’s financial resources, the length of the marriage, and the age, health and condition of each party.

The Court also looks at how and when property was acquired to determine if it is “marital property” and eligible to be divided.

Marital property division can be stressful and complex. The current housing market can make it difficult to value and divide real estate. If you or your spouse own a business, it will need to accurately valued. Retirement benefits such as 401(k) accounts and pension plans will need to be divided using Qualified Domestic Relations Order(s) (QDRO). Our attorneys will review and evaluate your entire property and financial picture to ensure that nothing is left on the table.