|
Maryland Property Distribution Laws
Maryland Property Distribution Issues & Resources
Maryland Property Distribution
A Maryland divorce court will
divide all marital property in an equitable
manner. Gifts, inheritances, property acquired prior to the marriage and
property that is directly traceable to gifts, inheritances or property acquired
before marriage are "separate property" and will be retained by the
party who acquired the property. A Maryland divorce Court will consider the following factors
in dividing the property:
-
the monetary and non-monetary contributions of each spouse
to the acquisition of the marital property, including the contribution of
each spouse as homemaker;
-
the value of each spouse's property;
-
the economic circumstances of each spouse at the time the
division of property is to become effective;
-
the length of the marriage;
-
whether the property award is in stead of or in addition to
alimony;
-
how and by whom the property was acquired, including any
retirement, profit-sharing, or deferred compensation plans;
-
the circumstances that contributed to the estrangement of
the spouses;
-
the age, physical and mental condition of the spouses; and
-
any other factor necessary to do equity and justice between
the spouses.
Maryland Law Links
Click Here for Maryland Message Board
|