Maryland Marital Property Lawyer
Bel Air divorce lawyer seeks to minimize conflict
We recommend that prior to marriage, you contact us so that we can discuss how we can protect your interests with a prenuptial agreement. Or, for couples that are already married, we can prepare a post-nuptial agreement that expresses how you want your assets divided while you are on good terms and generally happy with one another.
If you wait until you are divorcing, we can help with that too, but the situation can be more complex. When a couple divorces in a community property state, each spouse has an equal and immediate ownership interest in all property acquired or owned by a couple during the marriage, which will be split evenly. But inequitable distribution states such as Maryland, each spouse can buy or acquire property in his or her name alone, and the other spouse has no ownership interest in the property. In these cases, marital property is divided fairly — and equitably, but not necessarily equally — through equitable distribution, regardless of which spouse has acquired the property. Law Offices of Dawn S. Veltman, LLC has the necessary knowledge and familiarity with Maryland’s property division laws to ensure that you will obtain the fairest settlement. When a spouse is also seeking alimony, it is important to have an attorney that can express your need to the court to obtain the most alimony possible.
Emphasizing experience and meticulous preparation
Before the actual distribution of the property, your lawyer will need to determine what property will be distributed and the value of the said property. Equitable distribution states classify the property as either “marital property,” assets acquired during the marriage and available for distribution, or “separate property,” assets acquired prior to the marriage and exempt from division. I have the necessary familiarity with Maryland’s equitable distribution laws to distinguish property as either marital property or separate property. I also have the skill to trace the commingling of separate assets with marital assets, prevent unfair distribution and ensure that no assets or debts are overlooked.
Marital property may include anything you have that could be considered an asset, such as:
- Stocks and bonds
- Bank accounts
- Investment accounts
- Marital home and vacation homes
- Home furnishings
- Retirement funds
- Pensions and annuities
- Businesses (we sometimes recommend experts that we work with that will evaluate businesses for trial)
- Employee stock options
Tailoring non-adversarial legal solutions
We strive to convert an otherwise stressful and contentious matter into a positive resolution. Our experience has equipped us to handle negotiation and mediation when appropriate, affording you greater control over the outcome. Even if you and your ex-spouse are unable to initially agree on an equitable marital division, we can represent your rights to the fullest in court or even act as fair and impartial mediators to help you both move forward after the divorce.