Turn To Admired Severn Family Law Attorneys For Guidance With Marital Asset Division
At Trevillian Law, in Severn, our Maryland lawyers understand that navigating separation and the division of assets can be complex as well as emotionally challenging, especially in high-asset divorces.
Our attorneys, with decades of combined experience, are here to guide you through this process. They are often commended for their trustworthiness and professionalism. If you choose to work with us, our team will be committed to empowering you with knowledge, providing compassionate support and protecting your rights every step of the way.
Property Division Attorneys
We are an established general practice firm that offers free consultations and flexible office hours by appointment, ensuring that our attorneys can accommodate your needs as you work through the allocation of assets in your Maryland divorce. These may include the following:
- Real estate
- Bank accounts
- Personal property in the home
- Pets
- Collectibles, such as jewelry, guns or art
- Retirement accounts
- Investments, stocks and stock options
We are a family-owned and -operated firm, and our lawyers pride themselves on their close ties to the community. Their dedication to serving the people of Maryland is without question.
Experienced Representation For Maryland Divorce
Our attorneys have years of experience interacting with local judges and court personnel, giving them a unique advantage as they advocate for our clients’ interests. Our lawyers believe in transparency and open communication. They will keep you informed and involved throughout the legal process.
About Equitable Distribution
In Maryland, divorcing couples must apply equitable distribution when dividing assets and property. This means that assets and debts acquired during the marriage are divided fairly but not necessarily equally. Our attorneys can help you navigate this process and work toward a resolution that protects your financial interests.
Know The Difference Between Marital And Nonmarital Property
It’s essential to distinguish between marital and nonmarital property during asset division. Marital property typically includes assets acquired during the marriage, while nonmarital or separate property may include assets acquired before the marriage or through inheritance or gifts. Our attorneys can assist in identifying and valuing jointly owned and separate assets to ensure a fair division.
Division Of Debts
In Maryland, debts acquired during the marriage can not be divided up directly by the Court. I.e. the Court can not say that the husband has to pay the American Express bill that is in the wife’s name or vice versa. Your credit card bill or other unsecured debt is your debt only. However, the Court will take into account which spouse has debts that were incurred during the marriage when it determines a monetary award. Only in certain specific circumstances can a Court order a party to ‘contribute’ towards a debt. The Court can’t change who is obligated under the credit card agreement or mortgage to ultimately be responsible to provide payment. But contribution can be ordered towards a debt (mortgage of home) when one party is granted use and possession of the home due to having custody of the children.
Turn To Your Trusted Local Divorce Lawyers
Our lawyers have more than 85 combined years of experience. They are compassionate, committed and protective of your rights in all aspects of divorce. Whether you need guidance on a prenuptial agreement, asset division or any family law issue, our team is here to provide personalized solutions tailored to your unique situation.
Start The Conversation With A Baltimore Family Law Attorney
If you’re facing a high-asset divorce or need assistance with the division of your marital estate of any size, don’t hesitate to reach out to our experienced team. Schedule a free consultation by calling 410-609-9987 or sending an email inquiry. Discover our strengths as a law firm built for our communities.