Property Division

Working With a Rockville Property Division Lawyer: The Representation You Need in Maryland Divorce Cases

Dividing marital property and debt during a divorce can lead to conflict and uncertainty about your financial future. That’s why it’s crucial to have a trusted property division lawyer by your side, ensuring that you can confidently navigate the process.

At the Law Offices of Ellen L. Lee, we understand the importance of resolving financial and property issues in a fair and just manner. With extensive experience in family law, skilled negotiation and mediation skills, and a commitment to pursuing clients’ interests, attorney Ellen L. Lee is the divorce attorney you can rely on.

Our Rockville property division lawyer can help you with property, debt, and financial matters in divorce. Whether you have children, limited resources, high net-worth, high debt, complex financial holdings, or your spouse has contributed to your employability or career, we have the knowledge and experience to protect your interests.

When it comes to dividing marital property and debt in Maryland, you have two options: a marital settlement agreement or a court order. In cases where an agreement can’t be reached, the court will divide assets and debt based on equitable distribution. Our team will work tirelessly to ensure that you receive your fair share of the assets and that your financial future is protected.

Our goal is to maximize your share of the marital property. We will thoroughly analyze all assets, determine their value, and negotiate a settlement that takes into account your contributions to the marriage and your future financial needs.

Don’t navigate the complexities of property division alone. Contact The Law Offices of Ellen L. Lee today to schedule a consultation with our founding Rockville property division lawyer. Your financial future is too important to leave to chance.

We Guide You Through Each of the Steps When Dividing Marital Property in Maryland

Dividing marital assets during a divorce can be a complex process. In Maryland, the courts follow a three-step approach to ensure a fair division. First, they classify each asset and debt as either marital or nonmarital. Then, a monetary value is assigned to each marital asset and debt. Finally, the assets and debts are divided in an equitable manner, which may not always lead to an even split.

Assets that are considered in the division process include properties, vehicles, savings accounts, investments, retirement plans, jewelry, furniture, and anything else of significant value.

Factors That Influence Property Division

In Maryland, the court takes several factors into account when determining an equitable division of property. These factors include:

• The financial and nonfinancial contributions made by both spouses
• The value of all property interests
• The economic circumstances of each spouse at the time of divorce
• The duration of the marriage
• The age, physical condition, and mental health of each spouse

Additionally, details such as how and when certain property items were acquired can also affect the division.