Property Division In Maryland
Summary
Maryland is an equitable distribution state, meaning marital property is divided fairly, not necessarily equally. If you both cant agree on the division, the court will decide. The court may consider factors like your monetary contributions, duration of marriage, and more. Consult with a local family law attorney for personalized advice.Full Conversation
divorcing in the state of Maryland, I'm keeping the house and paying the mortgage etc. My soon to be ex-husband wants me to buy him out. I cannot qualify for a refinance due to having * *-day late marks on the credit file in the past 12 months as a result. I have the income, but credit file is against me.
Hello ****,
Based on your situation, here are some general points about property division laws in Maryland:
- Maryland is an "equitable distribution" state, meaning marital property is divided fairly, not necessarily equally.
- If you both can't agree on the division, the court will decide.
- The court may consider factors like your monetary contributions, duration of marriage, and more.
Please consult with a local family law attorney for personalized advice.