Annapolis Property Division Lawyer
One of the most important legal matters facing divorcing couples is the division of marital assets. The outcome of the property division process can affect your financial picture in the short and long term. To protect your property interests and ensure that your property settlement accurately reflects your situation, it is important to have an experienced divorce lawyer on your side.
At the Law Offices of Paula J. Peters, P.A., our attorneys have decades of combined experience handling complex property matters for clients from the Annapolis area and throughout Maryland. We are committed to helping our clients go through the divorce process and prepare for a financially stable future.
Complex Property Division
Maryland is an "equitable distribution" state, not an equal distribution state, meaning that upon divorce, property is divided in a manner that the courts find fair and just. The court identifies marital property, values it and then decides what one party should pay the other to equitably divide the value of the property, except in certain limited circumstances. This does not mean property is divided 50/50. The court takes nine factors into consideration when determining a property division arrangement:
- The contributions of each party to the marital estate, both monetary and nonmonetary
- The value of all property of each party
- The economic circumstances of each party
- Misconduct that led to the estrangement of the parties
- The duration of the marriage
- The age and physical or mental condition of each of the parties
- How the marital property was acquired
- The amount of alimony awarded
- Any other factors that the court deems relevant
Our lawyers have handled numerous complex property division matters, including high-asset divorces. We will work with you personally, giving you the information you need to make sound, informed decisions about your divorce and finances.
Knowledgeable Maryland Asset Distribution Attorney
If you are facing a complex property distribution matter in Maryland, we can help you explore your legal options. Contact us today online or by telephone at 410-990-0090 to arrange a consultation with an experienced Annapolis property division attorney.