Bowie, Maryland Marital Property Division Lawyer

Determined Divorce Lawyer Helping With Equitable Distribution of Property in Bowie, MD

Whether you have been married for a few years or multiple decades, you and your spouse have probably acquired numerous personal belongings, vehicles, mementos, and other marital property. You may also have various kinds of debt. Getting a divorce means you will have to divide both your debts and assets between you. You may fight over every item, or you could be tempted just to let your spouse take what they want to get your divorce behind you. As you address these issues, you will need the advice of a skilled lawyer who can help protect your interests.

Not every attorney who could technically handle your case has the skills, legal knowledge, and determination to provide the top-notch representation you need. Choosing an unqualified or unmotivated attorney is a costly mistake. At Bloc One Services, LLC, Attorney Hope Blocton will give you the personal attention you deserve, considering your situation and your goals to determine her approach to your property division plans. Build your fresh start with Hope.

Maryland Equitable Distribution Disputes

The same dispute-resolution process does not work for everyone who goes through a divorce. However, you and your future ex must make decisions about how you will divide your property and allocate your debts. In Maryland, equitable distribution is used for property division, granting each spouse a fair share. That means the split will not necessarily be 50/50. Determining what is fair often leads to conflicts. As you and your spouse work to reach agreements, there are a few options:

• Negotiation: Your lawyers can facilitate discussions, which can remove some of the emotional components since you may not need to deal with each other directly.
• Mediation: A neutral third party may be brought in to help you negotiate a settlement. The mediator's goal is to help you focus on the actual contested issues instead of your emotions.
• Litigation: You may decide to let the courts rule on a few or all disputed matters. This option usually takes longer, costs more, and takes control over the outcome out of your hands and puts it into the judge's. If you decide to litigate, we will present a compelling case. Remember, though, that you will have to abide by the judge's decisions even if you do not like them.

However your agreements are reached, they will become enforceable court orders.

Allocating Your Debts and Dividing Your Assets in Bowie Divorces

A comprehensive list of your marital belongings and assets, along with their values, needs to include almost everything you own, such as your home(s), car(s), furniture, retirement and bank accounts, investment portfolio, and family keepsakes. Your clothing and similar personal items are usually not considered marital property. If either of you inherited assets, they could be either individual or joint property, depending on how they were used.

Similarly, your debts also need to be listed. They could include a mortgage, credit card bills, car loans, and other outstanding obligations.

Unless you have a valid prenuptial or postnuptial agreement, several factors are considered when determining what will be equitable, such as:

• The length of your marriage
• Child custody arrangements
• Each spouse's financial means and earning capacity
• One spouse intentionally wasting assets or running up debt
• Each spouse's health, mental capacity, and age
• Each spouse's financial and non-financial contributions to your marriage

You cannot afford to let your soon-to-be ex take advantage of you when making property division arrangements. You will have our full support and guidance to help you make the best decisions that will protect your future.

Maryland Bankruptcy and Property Division in Divorce

For many divorcing couples, financial strain makes filing for bankruptcy an attractive option for debt relief. However, you will need to work closely with your attorney to determine the appropriate steps, as divorce and bankruptcy filings can affect each other, particularly in terms of property division. We handle both kinds of cases, and we can streamline your filings to protect your interests.

Call Our Bowie Property Division Attorney

You deserve a fair share of your marital assets and debts during your divorce, and you need a skilled lawyer to ensure that you get it. Bloc One Services, LLC serves Prince George's, Montgomery, and Charles County, as well as Washington D.C. Make an appointment for your complimentary consultation today by calling 240-200-0076 or contacting us online.