Property Division in Divorce ◊ Gaithersburg, Maryland, Lawyers
At first glance, dividing marital property may appear to be a zero-sum game: the more you receive, the less your spouse receives, and vice versa. However, depending on how you approach the situation, you and your spouse could both lose. At the Law Offices of Elling & Elling, our attorneys take a practical approach to property division, which often requires "thinking out of the box." Your future is our main concern.
Our attorneys take a unique problem-solving approach to helping our clients sort through complicated issues related to divorce. If you would like to schedule an initial consultation with a lawyer at our firm, call us today at 301-637-0281 or toll free at 866-470-5187 or contact us online.
Equitable Distribution of Marital Property
In a Maryland divorce case, marital property, such as the marital home, retirement benefits, savings or other investments, motor vehicles, etc., is distributed based upon a number of factors such as the length of the marriage; the contributions, monetary and nonmonetary, each spouse has made to the well-being of the family; the needs and health of each spouse; the cause of the marriage's failure; the economic circumstances of each party; and many other factors in determining property division.
It is important to remember that any property you owned before the marriage is typically considered to be your own, separate and non-marital property. However, in many instances, the non-marital property can become part-marital property. For example, if you own a business that has developed and grown during the marriage, your spouse may be entitled to a share in the value of that business.
Our attorneys are familiar with the local legal system. We can help guide you through the divorce process. If you would like to learn more about property division, call us today at 301-637-0281 or toll free at 866-470-5187 or contact us online to schedule an initial consultation.
