Maryland is an "equitable division" state with regard to the issue of dividing property in a divorce. This means that the division of marital property is carried out by reviewing all the financial information and earning capacity of the parties in the marriage in order to come to a fair outcome for both parties. Some of these factors include the earning potential of the two parties, the existing child custody arrangement, and the duration of the marriage itself. If you're seeking a resolution to a property division matter in your divorce case, contact a Rockville divorce attorney who can fight on your behalf for an arrangement that's beneficial to you and reflects your rights and best interests.
There are many assets and types of property that may need to be divided in a divorce, such as:
Spouses with partnerships or businesses can complicate the property division process, due the multitude of possible financial arrangements. Ownership on paper might include both spouses. One spouse might be named as the owner while the other acts as a managing partner. Each party could have partial business ownership, with other unrelated parties also holding some portion of the business. In cases that involve business ownership, it's best to seek the help of an attorney who can help establish financial equity and come to a creative and workable solution, while zealously protecting the financial future and interests of the client.
The Gardner Law Firm, P.C. is committed to addressing divorce matters for clients in the best way possible. We understand that divorce is frequently an unpleasant and stressful process, and our goal is to help our clients resolve all the major issues, including financial matters, as quickly as possible, with a minimum of stress. If your divorce involves the division of a large number of assets and property, we work tirelessly to protect your rights and financial future.
Contact a Rockville divorce lawyer if you're seeking legal help in resolving a marital property division matter.