Tuesday, October 20, 2009
Marital Property and Exclusions in Maryland Divorce
When contemplating a divorce in Maryland, the question of "is it marital property" always seems to surface. "Marital" and "nonmarital" are adjectives used to describe time or manner of acquisition by either or both spouses. These words have nothing to do with "ownership", possession, or who uses it most. When a dispute arises between the parties in a Maryland divorce, the court shall determine what is marital property. In a Maryland divorce marital property can result in a monetary award, and hence why this is a hot topic in most Maryland divorce cases. There are things that can be excluded from "marital property". They are, property that was aquired before marriage, any inheritance or gift from a third party, anything that the parties agree to upfront that will not be considered marital property by agreement. If you have any questions regarding a divorce in Maryland, please feel free to call my office.
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Marital Property
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