Marital Property Settlements in Maryland and DC
For some divorcing couples, the marital property settlement is one of the
easier agreements to reach. For other spouses, negotiating a fair marital
property settlement is a major stumbling block to finalizing the divorce.
The Law Offices of Lloyd A. Malech, we serve as aggressive advocates on behalf of clients who need a strong
lawyer to make sure they get a fair result in their marital property settlement.
Our law firm is located in Bethesda, and we serve clients throughout Maryland
and the greater Washington, DC metro area.
Attorney Lloyd A. Malech, a seasoned trial lawyer, has 20+ years of experience handling family
law matters in Maryland and DC courts.
Marital Property Settlements: The Basics
In both Maryland and the District of Columbia, property division during
a divorce is guided by the principle of equitable distribution. Equitable
distribution means that marital property — and marital debt —
must be divided fairly between the spouses but not necessarily equally.
Unlike Maryland, in DC, the Courts can divide marital debt. In Maryland,
though the Courts do not divide the marital debt, the Courts do look at
each party's debts and may consider the debts when allocating marital
assets between the divorcing spouses.
The marital property settlement must specify the distribution of all assets
— including real estate — that was acquired or that appreciated
in value during the marriage. Separate property of each spouse remains
the property of each spouse.
Marital debts should be considered when dividing the parties' assets.
Marital property settlements must also specify who will be responsible
for debts that accrued during the marriage. Mortgages, loans, lines of
credit, and other debts — all marital debt must be divided between
the spouses as part of the marital settlement agreement.
Hidden Assets: Location and Retrieval
Our law firm has substantial experience working on behalf of clients who
believe their spouses have assets hidden away that should be part of the
marital property settlement. We employ accountants and forensic investigators
to track hidden assets and trace financial actions — all with the
goal of negotiating a fair marital property settlement on our clients' behalf.
Schedule a Consultation With The Law Offices of Lloyd A. Malech
If you are seeking an attorney for your divorce, we are happy to answer
your questions about marital property division and other subjects. We
provide one-hour initial consultations for a reasonable flat fee.
To make an appointment, call 301.913.9119 or 202.441.2107, or
send us an e-mail.