by Jill Maturino | Jul 16, 2012
Before granting a monetary award to one spouse, the Maryland Court must consider: 1) each party’s monetary and non-monetary contributions to the family’s well-being; 2) the value of all marital and non-marital property; 3) each party’s economic circumstances; 4) the... by Jill Maturino | Jul 16, 2012
In Maryland, the value of a business interest acquired during the marriage is considered marital property, even if it is owned and operated by only one spouse. Upon divorce, the Court must determine the “fair market value” of a spouse’s business interest, which is... by Jill Maturino | Jul 16, 2012
No, Maryland is not a “community” property state. It is an “equitable distribution” state. Unlike “community” property, “equitable” does not mean “equal.” Equitable is defined as fair and just under the facts of the particular case. Therefore, the Court has discretion... by Jill Maturino | Jul 16, 2012
In Maryland, the Court can award exclusive use and possession of the family home and family use personal property (e.g. household furnishings, family car) to a custodial parent for up to 3 years from the date of divorce. Absent agreement of the parties, use and... by Jill Maturino | Jul 16, 2012
In Maryland, the Court can award exclusive use and possession of the family home and family use personal property (e.g. household furnishings, family car) to a custodial parent for up to 3 years from the date of couple’s divorce. Absent agreement of the parties,...
