During Divorce, Splitting Finances Can Be Tricky
One of the most contentious parts of a divorce is deciding how your finances will work moving forward. Having a lawyer who will be upfront and honest with you is crucial. The , has worked with clients throughout Maryland for over three decades. Our goal is to represent your best interests and help you through this next phase of life.
How Property Division And Alimony Decisions Are Made
Maryland is an equitable distribution state. This means that a judge will divide all of your assets, including retirement accounts, into what they believe is fair. It is most important to note that this does not always mean everything will be split down the middle. Typically, anything you acquired before your marriage is still yours. On the other hand, anything purchased during the marriage, with marital funds will have to be divided. This can get tricky when it comes to the family home, in particular. Our team can answer all of your questions so you can feel confident about the choices you are making.
Alimony is another area of divorce that needs to be considered. The goal is to make sure each spouse is reasonably taken care of moving forward. A judge will often look at the length of the marriage, the standard of living and each person’s earning capacity, among other factors. They will also look at what assets each spouse is walking away with. Payment can be set for a specific period of time or can be ongoing. It all depends on the specifics of your situation. Rest assured that we aim to solve all of your family-related legal issues as efficiently as possible.
Call Now; Don’t Wait
As your representation, we want to see the best for you. This does not have to be a negative time in life. Instead, look at it as an opportunity for change. To discuss your options further, call our office in Columbia at 410-709-3171 today. You can also email us by clicking here.