Rockville Property Division
Determining who is entitled to the assets accrued during a marriage once the couple decides to dissolve their marriage can be complicated and, sometimes, contentious. If you are divorcing, a Rockville property division attorney can help formulate a strategy to retain the assets that are most beneficial to you. Shah & Kishore are here to answer all of your questions and will guide you through every step of this challenging process.
Why Choose Shah & Kishore for Your Property Distribution Needs?
- We have a profound financial background that allows us to accurately determine whether your assets are being appropriately valued.
- We have resources at our disposal, such as business evaluators, business appraisers, forensic accountants, and business consultants who can ensure that the marital property’s value is evaluated correctly.
- Our clients experience unmatched communication. We keep you updated on all aspects of your case and are ready to answer your questions as they arise.
How is Property Distributed in Rockville, MD?
Community property is a term you often hear when divorce is discussed. It simply means that all interests in marital property are divided equally. Maryland is not a community property state. Instead, it determines how property is separated by an equitable distribution statute, meaning the court has no obligation to distribute property equally between the two spouses.
Properties identified as marital properties will be divided between the former partners. The court’s goal is to fairly and equitably distribute them. Several factors will be examined by the court and will be used to define who is entitled to what asset.
The following are factors that will be used to make those determinations:
- Duration of the marriage
- The way the assets were obtained
- Each spouse’s current financial situation
- Economic and non-economic contributions to the marriage by each spouse
- Age of each spouse
- The health of each partner
Every marriage is different, and there may be other factors that the judge may use in determining property distribution. A property distribution attorney in Rockville, MD, can clarify any questions you might have about your marital assets.
How Should I Protect My Property?
When facing a divorce, it is natural to be concerned about how your property will be divided. You will want to be treated fairly in the process so that you receive the assets to which you are entitled. There are some action steps you can take to protect what is yours.
A prenuptial agreement is a document that both parties agree to prior to the marriage that details what should happen to the couple’s property in the case of a divorce. It may cover topics like child support, child custody, marital support, and property division. Postnuptial agreements work similarly but are signed after the couple is married.
If you do not have a prenup and a postnuptial agreement is no longer a possibility, you should contact a Rockville, MD, property distribution lawyer to aid you in navigating this challenging process. By assessing your specific situation, they will understand how to approach your case to retain the assets that are important to you.
We are Ready to Aggressively Fight for Your Best Interests
At Shah & Kishore, we stand ready to protect the property and assets you have worked hard to acquire. Contact us to discuss your goals for distributing your assets and craft the best winning strategy available to provide you with the aggressive representation you need to protect your interests as you move forward from your marriage. This can be a challenging time, and our goal is to make it less difficult for you.
Our team is as compassionate as they are fierce. Our firm’s Rockville, MD, property distribution attornies are skilled, experienced, and ready to fight for what you deserve. Reach out today to see what we can do for you.