Division Of Property
When one household is divided into two, people feel insecure. Each side fears being impoverished by the division of property, which splits marital assets into two fair and equitable parcels. The lawyer you choose to work with can make a big difference. Property division during divorce requires great professionalism, great skill and great consideration.
These are the qualities our attorneys exemplify at Reinstein, Glackin & Herriott, LLC.
Understanding Maryland Property Division Law
Maryland property division law distinguishes between marital and separate property. Marital property includes all earnings acquired during the marriage and all property obtained with those earnings. It also includes marital debt. Separate property is all assets acquired before the marriage. It would include gifts and inheritances granted to one spouse only, and property bought with pre-marital or non-marital funds.
Our firm is respected for its excellence in managing a host of property division issues, including:
- High-asset divorce/complex divorce
- Division of assets (distinguishing marital from nonmarital assets)
- Dividing debt
- Dividing jointly owned businesses
- Valuing businesses, professional partnerships, real estate, federal pensions, military pensions, investments and collections