With regard to the division of marital property in divorce, Maryland is what’s referred to as an “equitable distribution” state. This means that the court does not attempt to divide property right down the middle, but rather in a way that is fair under all the circumstances. In practice, this often means an approximately equal division.
Property can be tangible, like houses, cars, and bank accounts. It can also be intangible, like goodwill in a family business or intellectual property rights. Property may be marital or separate. It may also be partly marital and partly separate, like a house one party purchased before marriage, but for which marital funds were later used to make mortgage payments. In Maryland, all property is subject to division in divorce.
Property division can be challenging, especially when some property is difficult to value or if there are disputes about whether certain property is marital or separate. At the Law Office of Shelly M. Ingram, our family law attorney can help you resolve disputes regarding the disposition of property using negotiation, mediation, or collaborative law. These methods often provide for a quick and amicable resolution, conserving the assets you’re trying to protect. If litigation is the best option given your family’s circumstances, we have the experience and skill to advocate for you in a courtroom as well.
Whatever your specific marital property concerns, the Law Office of Shelly M. Ingram is able to help you reach a resolution that works for your family. Call us at (301) 658-7354 or contact us through our website to schedule a consultation at our Howard County family law firm located in the Maple Lawn business district of Fulton, Maryland. We look forward to working with you.
To learn more, we invite you to explore our Frequently Asked Questions about dividing Maryland marital property.