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Property Division

Rockville Property Division Lawyer

Tenacious Representation in Maryland Marital Property Division 

Dividing and distributing marital property and debt can be a matter of conflict in a Maryland divorce. Your financial future as a single person can be one of the most crucial issues you face. You will want to ensure that you can move forward with as much confidence in your unmarried status as possible. 

This is an especially critical matter for those with children, limited resources, high net-worth, high debt, complex financial holdings, or where one spouse has substantially improved their partner’s employability or career through education or training for which they may lose the benefits of their contribution. 

At The Law Offices of Ellen L. Lee, we understand your concerns. Many marriages fail over the issue of money leading to continuing animosity over this issue in divorce. Attorney Ellen L. Lee has represented countless individuals throughout Montgomery, Howard, and Frederick counties in resolving all types of financial and property issues in a fair and just manner. 

Armed with extensive family law insight, keen negotiation and mediation skills, courtroom experience, and a dedication to obtaining positive results, she is a divorce attorney you can trust. 

Need help with property, debt, and financial matters in divorce? Request a consultation with ourproperty division attorney onlineor by phoning us at (301) 417-5351.

Marital Property & Debt Division in Divorce

In a Maryland divorce, marital property issues are resolved in one of two ways: by a marital settlement agreement signed by the spouses or by an order of the court. When spouses can’t agree on a settlement, the court divides property and debt based on the principle of equitable distribution. At the Law Offices of Ellen L. Lee, we understand how the courts categorize, value, and divide property and work hard to ensure that you receive your fair share of the assets.

Protect Your Financial Future with Strategic Property Division

When going through a divorce, the division of marital property can have a significant impact on your financial future. It is crucial to have skilled representation to ensure that your assets are protected and that you receive your fair share of the marital property.

At the Law Offices of Ellen L. Lee, our Rockville property division lawyer understands the complexities of property division in Maryland. We are dedicated to providing tenacious representation and fighting for your best interests throughout the process.

Maximize Your Share of Marital Property:

  • Our experienced attorney will work closely with you to identify all marital assets, including real estate, investments, retirement accounts, and personal property.
  • We will conduct a thorough analysis of the value of each asset to determine a fair division.
  • Our goal is to negotiate a settlement that maximizes your share of the marital property, taking into account your contributions to the marriage and your future financial needs.

Understanding Equitable Distribution in Maryland

In Maryland, property division follows the principle of equitable distribution. This means that marital property is divided fairly, but not necessarily equally. Factors that may affect the division include:

  • Each spouse's contribution to the acquisition, preservation, or appreciation of the marital property.
  • The duration of the marriage.
  • The age, health, and financial circumstances of each spouse.
  • Any agreements made between the spouses regarding property division.

Our property division lawyer will explain the laws and guidelines specific to Maryland and help you navigate through the process with clarity and confidence.

Contact Us for Skilled Property Division Representation:

If you are facing a divorce and need assistance with property division, don't hesitate to reach out to our experienced team. We are here to protect your assets and ensure a fair division of marital property. Contact the Law Offices of Ellen L. Lee today to schedule a consultation.

Steps in the Division of Marital Property

Maryland courts generally take three steps in dividing marital assets during a divorce. First, during the discovery process, the court classifies each of your assets and debts as marital or nonmarital. Next, it assigns a monetary value to each of the marital assets and debt. Finally, it divides those marital assets and debts “equitably.” Equitable distribution is based on what the court deems as fair and reasonable; this does not always translate to an even split. 

The assets that the court considers include:

  • Your home
  • Investment real estate
  • Personal property
  • Vehicles
  • Savings accounts, stocks and bonds
  • Pensions and retirement plans
  • Jewelry
  • Furniture
  • Musical instruments
  • Anything else of significant value

Factors That Affect Property Division

In Maryland, the court considers a number of factors when calculating an equitable division of your property, including:

  • The contributions, both financial and nonfinancial, that you and your spouse made toward the well-being of the family
  • The value of all of your property interests
  • The economic circumstances of each spouse at the time of your divorce
  • The grounds for your divorce
  • The duration of your marriage
  • You and your spouse’s age, physical condition, and mental health
  • How and when certain property items were acquired

This issue can be complicated in any divorce but most especially where complex assets or holdings are involved, such as family-owned businesses or business interests, professional practices, international investments, spouses with executive compensation and benefits, expensive artwork or collectibles, and more. 

Regardless of the circumstances of your divorce, our experienced Rockville property division attorney  will work with an eye towards seeing that your property rights are protected. We will do everything possible to ensure that the court awards you your fair share in the property division process.

Let our tenacious marital property division lawyer help you navigate critical financial issues in your divorce. Contact The Law Offices of Ellen L. Lee onlineor at (301) 417-5351today. 

 

Commonly Asked Questions

What is equitable distribution?

Equitable distribution is the principle used by Maryland courts to divide marital property and debt in a divorce. It means that the court will divide property and debt in a way that is fair and reasonable, based on the specific circumstances of the case.

What types of assets are considered in property division?

The court considers all marital assets and debts, including but not limited to: homes, investment real estate, personal property, vehicles, savings accounts, stocks and bonds, pensions and retirement plans, jewelry, furniture, musical instruments, and anything else of significant value.

What happens if spouses can't agree on property division?

If spouses can't agree on property division, the court will divide property and debt based on the principle of equitable distribution. This means that the court will divide property and debt in a way that is fair and reasonable, based on the specific circumstances of the case.