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» Marital Property in Maryland
What is considered property that is subject to division?
The term "property" encompasses many things, including the obvious, like houses, cars, bank accounts, jewelry, furniture, and art. But property is more than things you can lay your hands on; it also includes intangible things, like patents, trademarks, the value of certain investments, and goodwill in a business.
Will the court order me or my spouse to pay the other's credit card debt?
No, a court cannot require one spouse to pay the sole credit card debt of the other. If the credit card debt is in the joint names of the parties, then you are both responsible for that debt. If the credit card debt was incurred to pay family expenses, the court may take that into consideration when considering the monetary award.
Will I get half of my spouse’s property in a divorce?
Maryland is an "equitable division" state, which means the court will not divide property fifty-fifty, but instead, in a way that is fair and equitable under the circumstances. This equitable division need not be exactly equal, but often is close to equal.