Helping You Divide Marital Property in Maryland
Each marriage is different and results in different amounts and kinds of assets being acquired. The Law Office of Corrie A. Boulay will expertly guide you in identifying which particular assets are eligible to be divided, and in securing the full amount of property that you are entitled to.
Equitable Division Does Not Always Mean 50-50
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 go over your entire property and financial picture to ensure that nothing is left on the table.
Free Attorney Consultation
We offer a free consultation to discuss your family law issue. To talk with a family lawyer by phone or at our offices, call 410-964-9622 for our Columbia office or 410-268-2448 for our Annapolis, Maryland office, or fill out our contact form.
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