Category: marital assets

When divorce becomes inevitable, there are usually many big decisions to confront. One can be how to divide up the family home. Considering that, in many cases, the family home is one of the most valuable assets that a family shares, determining how it is handled and who, if any of the spouses, can retain… Continue reading Should You Assume Your Home Loan After Divorce?

Yes. In both Maryland and the District of Columbia, workers’ compensation benefits are included in the definition of “income” for purposes of determining child support obligations. See D.C. Code, § 16–916.01 and Md. Fam. Code, §12–201(b). Generally, both statutes define actual income to basically include income “from any source.” For this reason, workers’ compensation benefits are included as… Continue reading Does Workers’ Comp Count as “Income” When Determining Child Support in Maryland and D.C.?

In some Maryland and District of Columbia divorces, a small business might be included in the couple’s marital assets. If so, then the small business will be subject to the legal requirement that it be “equitably” divided as part of resolving the divorce. In theory, the divorce court could actually divide ownership of the business between… Continue reading High Net Worth Maryland/D.C. Divorces: Valuation Methods for Businesses

Under the divorce laws of both Maryland and the District of Columbia, when a couple obtains a divorce, the marital assets of the couple are equitably divided as part of the final divorce decree. Pretty much anything that a couple has bought or earned or received during the marriage is going to be considered “marital property,” and… Continue reading Cryptocurrency and Marital Asset Division In Maryland and D.C.

Cryptocurrencies may sound exotic and seem like something new under the sun for divorce purposes. But that is not the case. There is no particular mystery or anything new concerning cryptocurrencies when a couple is getting divorced. Cryptocurrencies are just another form of financial asset and are subject to the full power and authority of… Continue reading There is No Mystery To Finding Cryptocurrency in a Divorce

Under Maryland divorce laws and DC divorce laws, when a couple divorces, the divorce courts are required to “equitably” divide both marital assets and marital debts. Marital assets are generally considered any asset bought or acquired by the couple during the marriage. The same rule generally applies to marital debts. But, there are many complicating… Continue reading Maryland and DC Divorce: What About Student Loans?

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?

In both Maryland and the District of Columbia, when a couple divorces, the divorce court is tasked with dividing the marital assets in an “equitable” manner. “Equitable” is not the same as “equal,” so there are some circumstances where one spouse might receive slightly more in marital assets than the other. Because assets must be… Continue reading Should Assets be Liquidated in a Maryland/DC Divorce?