Marital Property

Maryland law provides, if the parties cannot otherwise agree, that a court may grant to one of the spouses a monetary award where a division of property acquired by the spouses during their marriage, on the basis of who holds title, would be inequitable. The Court will consider a number of factors in determining whether to make a monetary award, and the amount thereof:

Including the following:

• Contributions, monetary and non-monetary, of each spouse to the well-being of the family
• Value of all property interests of each spouse
• Economic circumstances of each spouse at the time the award is to be made
• Circumstances that contributed to the estrangement of the parties
• Duration of the marriage
• Any award of alimony
• Age of each spouse
• Physical and mental condition of each spouse

In addition to a monetary award, the Court may transfer ownership of an interest in a pension, retirement, profit sharing, or deferred compensation plan, from one spouse to the other spouse.

If you would like to discuss obtaining a divorce, call my office at 301-390-6600.
I will be happy to schedule a consultation.