Are Gifts Given by One Spouse to Another Considered Marital Assets in a MD Divorce?

Yes, generally speaking, any gifts exchanged by a couple during their marriage are considered “marital property.” So, for example, if one spouse gives jewelry or some other luxury to another, then those items are “counted” as marital assets when the couple seeks and obtains a Maryland divorce. Why does this matter? Like every other State… Continue reading Are Gifts Given by One Spouse to Another Considered Marital Assets in a MD Divorce?

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