Part of the divorce process involves dividing marital property, which calls for identifying and valuing marital and non-marital property, and equitably (so, fairly) dividing marital property.
I work with my divorce clients step-by-step to:
- Identify, value, and trace:
- pre-marital and non-marital property
- existing marital property
- any “dissipated” or “extant” property (property that existed prior to the irreconcilable breakdown of the marriage, but was transferred or used for purposes unrelated to the marriage)
- Develop a customized strategy for pursuing my client’s share of marital property
- Pursue that strategy, whether through negotiation and settlement or contested litigation
- Navigate completion of property transfers after settlement or trial
As an “equitable division” state, property division in Maryland is based upon what is fair, not a mandatory formula.
Division of marital property can be complicated when, for example:
- A spouse seeks to protect non-marital property, especially when it may have been combined with marital property
- A spouse has used marital property for non-family purposes
- Premarital assets have been titled in both spouses’ names
- Valuation of certain property is disputed
- Expert valuations are needed of difficult to value assets
- The spouses owe significant debts or the value of property is less than the loans owed to acquire it
Whether in contested litigation or amicable settlement, since 2002, I have helped clients navigate the challenges of property division in divorce.