Peace of mind during a divorce action achieved by getting the answers you need can go a long way toward making the process easier. For instance, you might be wondering:
- What is marital property?
- Who gets the family home?
- What property does each spouse get to keep?
- What happens to gifts and inheritances?
- What happens to retirement accounts?
At Washington Law, LLC, we are here to answer these questions and help you achieve peace of mind about your financial future when it comes to negotiating an equitable property division agreement. Contact us today by calling 301-952-8005 to learn more about our services during a free 15 minute phone consultation with our skilled Upper Marlboro property division lawyer, Rochelle D. Washington. We welcome the opportunity to work with people located in Temple Hills, Washington, D.C., Largo, Brandywine and throughout the rest of southern Maryland.
Dividing Marital Property and Debts
Together, we can reach an appropriate plan for determining asset division that takes into account what is equitable and allowed under current Maryland law. We have extensive experience with how to properly value and negotiate dividing the following types of marital property:
- Marital home
- Any other real estate properties such as a vacation home or investment properties
- Personal property such as cars, jewelry, etc.
- Investment accounts and portfolios
- Retirement plans including 401(k)s
- Marital debt, including credit cards, mortgages, medical bills, student loans, etc.
Dividing pensions or other retirement benefits is one type of marital asset that can be especially difficult to value properly and divide appropriately. The most common method for dividing retirement benefits is using a legal tool known as a qualified domestic relations order (QDRO).
However, there are important issues to consider before seeking a QDRO. Government and military retirement benefit plans usually have different requirements about how they can be divided, and these issues need to be addressed in a QDRO.
Additionally, if your family has been experiencing financial hardship, it is important to speak with an attorney who is knowledgeable about bankruptcy. We can help you determine if you qualify for a Chapter 7 or Chapter 13 bankruptcy filing using the means test and if it would be advantageous for you to file separately or together before or after filing for divorce.
Speak With a Prince George's County Divorce Attorney Today About Your Property Division Goals
Take the first step toward achieving peace of mind about your future. We offer a free 15 minute phone consultation to all new clients. For an appointment with an experienced and aggressive divorce attorney today, contact us online or call us at 301-952-8005. Evening and weekend consultations can be scheduled upon request. We are conveniently located with easy access to the Branch Avenue Metro. Visa and MasterCard are welcome.