Category Archives: Property Distribution
How Is Property Divided in a Maryland Divorce? What Couples Need to Know
One of the most stressful parts of divorce is figuring out how property will be divided. Maryland follows a system called equitable distribution, which means marital property is divided fairly, but not always equally. At Fanning Law, we help clients understand what this means in practical terms and how to protect their interests as… Read More »
What Constitutes “Acceptance” of a Maryland Divorce Settlement?
While divorce is always a difficult process for the people involved, one thing to keep in mind is that most marriages do not end in lengthy or costly litigation. The vast majority of couples are able to resolve their differences through a negotiated settlement. Obviously, in some cases the parties may require some help… Read More »
How a Maryland Divorce Can Affect Your Property Ownership Rights
A common issue faced by divorcing couples in Maryland is what to do with the marital home. As a matter of law, married spouses who own their home typically do so as tenants by the entirety. This is a legal term that means each spouse has an equal and undivided interest in the property…. Read More »
Why You Cannot Rely on “Implied” Agreements to Divide Marital Property in a Maryland Divorce
Married couples often avoid signing a prenuptial or post-nuptial agreement because they do not want to contemplate the possibility of divorce. Unfortunately, if a divorce does occur, the absence of such an agreement can complicate the division and distribution of marital property. In some cases, one spouse may assume there is an implicit agreement… Read More »
Is a Car Titled in One Spouse’s Name “Marital Property” in a Maryland Divorce?
In Maryland divorce cases, when the parties cannot agree on how to divide their property, it is left to a circuit court judge to make an “equitable division.” The first step in such a division is determining the scope of the couple’s “marital property.” Under Maryland law, any property acquired by either spouse during… Read More »
What Is “Dissipation” of Marital Assets in a Maryland Divorce?
In any Maryland divorce case there needs to be a division and distribution of marital property as part of any final settlement or judgment. When the parties cannot reach a settlement on their own, a judge must make an “equitable”–though not necessarily equal–division of the marital property. And one factor that the court may… Read More »