Maryland Attorneys Assist with Equitable Property Distribution
Experienced divorce lawyers represent your rights in the Severna Park area
In Maryland assets acquired during the marriage are considered marital property, and when couples divorce or separate, those assets are subject to equitable distribution. Under this standard, when couples cannot reach an agreement on dividing their assets, courts will divide marital property in a manner that is fair and equitable, though not necessarily equal. At Warfield & Darrah, P.C., we represent clients in the Severna Park area and throughout Maryland to ensure that their rights are upheld and their marital property is divided equitably so that a breakup does not disadvantage them financially.
Detail-oriented advocates protect your assets
Before the actual distribution of marital property can happen, assets must be valuated and classified as either marital or non marital. Marital property comprises assets acquired during the marriage and available for distribution. Non marital property generally consists of assets acquired prior to the marriage, inheritances, gifts from a third person, or assets directly traceable to these types of assets (for example traceable to a gift received) and exempt from division. Our divorce attorneys have the necessary familiarity with Maryland’s equitable distribution laws to distinguish property as either marital or non marital. We also have the skill to trace the commingling of separate assets with marital assets, prevent unfair distribution and ensure that no assets are overlooked in the final accounting.
Marital property may include anything you have acquired during the marriage, such as:
- The marital home and vacation homes
- Stocks and bonds
- Automobiles
- Bank accounts
- Investment accounts
- Home furnishings
- Timeshares
- Retirement funds
- Pensions and annuities
- Businesses
Courts will base property division determinations on a number of factors, which may include the financial situation and earning power of each spouse, the degree to which each spouse contributed to the acquisition of marital property, and the financial condition of each spouse. We will ensure the court has all the information it needs to fairly divide your assets.
Responsive divorce counselors pursue favorable property division results
At Warfield & Darrah, P.C., we strive to convert an otherwise stressful and contentious matter into a positive resolution. Our experience has equipped us to handle negotiation and mediation in property division matters whenever appropriate, affording you greater control over the outcome. But experience has shown us that property division is often one of the most contentious issues in a divorce, and when you and your ex-spouse are unable to agree on dividing your assets, we are fully prepared to advocate for your rights in court.
Contact a reliable Maryland family lawyer for asset division help
Our divorce attorneys represent clients throughout Maryland in cases involving the equitable distribution of their marital property and debts. Call Warfield & Darrah, P.C. at 410-260-0994 or contact us online to schedule a consultation at our Severna Park office.
