Maryland : Equitable
Distribution Vs. Community Property
FREE CONSULTATION (301) 738-5700
By Stuart H. Grozbean
Our family law section is headed by
STUART H. GROZBEAN. Mr.
Grozbean was named to "Who's Who" in 1998, 1999, 2000. He is now
a life member of "Who's Who", a prestigious national recognition
of outstanding professionals in the United States. He is also
the developer of the child support guidelines program in
Maryland. His program is widely used by Judges, Masters and
Lawyers in Maryland.
Mr. Grozbean has been
quoted in the Washington Post, USA Today and on the
various television and news channels.
MARYLAND
IS AN “EQUITABLE DISTRIBUTION STATE"
What is,
in plain English, the difference between a community property
state and an equitable distribution state. In a community
property state the property is generally split 50/50. However,
Maryland follows equitable distribution rules which means the
Court does not have to divide everything equally.
Here
is what the Court looks at:
(1)
First they identify and determine what is the marital property
2)
Next the determine the value of marital property
(3)
Finally, they decide whether or not to grant a monetary award
and/or divide the marital pension assets as an adjustment of the
equities and rights of the parties.
However,
as a generally rule the Court generally will divide fairly
equally marital property.
BE
SMART-UNDERSTAND THE LAW
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