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How property is divided in a Maryland divorce

Aside from child custody issues, matters related to the distribution of property are among the most important and contested in divorce cases. If you are a Maryland resident who is contemplating or going through a divorce, it's important to understand how property and assets are divided.

Maryland is known as an equitable distribution state. This means that a judge will determine how marital property and assets should be divided based upon what he or she believes is fair. It's important to note, however, that fair does not mean equal.

The following are five factors that a judge will consider when determining how to divide property and assets:

1) Duration of a marriage

2) Age and health of each spouse

3) Economic circumstances of each spouse

4) Contributions made by each spouse during the course of a marriage

5) Future income potential of each spouse

In cases involving minor-aged children, when dividing property and assets, a judge will also take factors related to child custody into consideration.

If you are going through a divorce, you likely have many questions and concerns about how to ensure that you receive a fair settlement. This may especially be true if you are a parent who dropped out of the workforce to care for a child or were the sole breadwinner in your household.

An attorney who handles divorce matters can assist in gathering and presenting evidence that positions you and your contributions to a marriage in the best possible light. Additionally, in many cases it's best for all parties when a divorce settlement can be reached outside of court. In such cases, an attorney will work diligently to negotiate favorable terms and secure a divorce settlement that provides for your current and future needs.

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