Assistance for Maryland Clients with Complex Asset and Property Division
Skilled counsel for complex cases
The division of debts and assets at the dissolution of a marriage can be a highly-contested matter. In cases where the couple has substantial assets, through business ventures or multiple retirement accounts, the stakes can be even higher. Peters & Clark, P.A. assists clients with high-net worth and complex assets obtain their fair share of the property as part of a divorce settlement. The firm puts its extensive backgrounds serving Maryland families and businesses to work for each client by employing a team-approach to the law, ensuring that every client receives the benefits of their 75 years of collective experience.
Dividing assets and properties
Maryland law requires that all assets (and debts) be divided equitably – not equally. There is no guarantee of a 50/50 split when it comes to marital property. Unless a couple has a specific contract, agreement or pre-nuptial agreement in place designating which assets are not to be divided, then all assets will be split by the court. Exceptions are made for:
- Any property brought into the marriage by either spouse
- Gifts made to one spouse by a third party
All homes (including vacation and rental), family businesses, pension funds and retirement accounts are subject to equitable division by the courts: in short, everything in the marital estate which was acquired by the couple during the marriage unless otherwise specified through a legal document. The laws are the same for same-sex and traditional marriages throughout Maryland, though there may be extenuating circumstances around certain types of pensions for states where same-sex marriage is not recognized.
The attorneys of Peters & Clark, P.A. protect the rights of clients with substantial assets. Each client’s finances are subject to rigorous review by the attorneys to ensure that they are fairly represented. Furthermore, any attempts made by the other party to hide clients’ assets are thoroughly investigated and brought to the attention of the court when it serves the firm’s clients’ best interests. The firm strives to help clients maintain as much of their property as possible within the law, and offers strategies designed towards an efficient and smooth resolution of all property division concerns.
Learn how the firm can help with complex property division strategies
Peters & Clark, P.A. protects the best interests of clients throughout Maryland. The firm is widely recognized for its skills and experience handling complex divorce and property division concerns. Please call 410-921-2422 or fill out the firm’s contact form to reserve a consultation time.