Divorce is the official dissolution or termination of a marriage or marital relationship following a legal process. Divorce law is a branch of family law that governs the dissolution of a marriage and other related issues.
Divorce law covers the division of property, child custody. Alimony, and child support. As a result, it is best that estranged spouses hire family lawyers who have in-depth knowledge and experience in divorce and related issues, and above all, a good mastery of the family law.
For some divorcing couples, the marital property settlement is one of the easier agreements to reach. For other spouses, negotiating a fair marital property settlement is a major stumbling block to finalizing the divorce.
At The Law Offices of Lloyd A. Malech, we serve as aggressive advocates on behalf of clients who need a strong lawyer to make sure they get a fair result in their marital property settlement.
Our law firm is located in Bethesda, and we serve clients throughout Maryland and the greater Washington, DC metro area Lloyd A. Malech, a seasoned trial lawyer, has 25+ years of experience handling divorces in Maryland and DC courts.
Marital Property Settlements: The Basics
In both Maryland and the District of Columbia, property division during a divorce is guided by the principle of equitable distribution. Equitable distribution means that marital property — and marital debt — must be divided fairly between the spouses but not necessarily equally.
Unlike Maryland, in DC, the Courts can divide marital debt. In Maryland, though the Courts do not divide the marital debt, the Courts do look at each party’s debts and may consider the debts when allocating marital assets between the divorcing spouses.
The marital property settlement must specify the distribution of all assets — including real estate — that was acquired or that appreciated in value during the marriage. Separate property of each spouse remains the property of each spouse.
Marital debts should be considered when dividing the parties’ assets. Marital property settlements must also specify who will be responsible for debts that accrued during the marriage. Mortgages, loans, lines of credit, and other debts — all marital debt must be divided between the spouses as part of the marital settlement agreement.
Hidden Assets: Location and Retrieval
Our law firm has substantial experience working on behalf of clients who believe their spouses have assets hidden away that should be part of the marital property settlement. We employ accountants and forensic investigators to track hidden assets and trace financial actions — all with the goal of negotiating a fair marital property settlement on our clients’ behalf
Schedule a Consultation With The Law Offices of Lloyd A. Malech
If you are seeking an attorney for your divorce, we are happy to answer your questions about marital property division and other subjects. We provide one-hour initial consultations for a reasonable flat fee.
Lloyd Malech represented me in my divorce case and I can’t be happier with the work he has done for me. He is very knowledgeable, tremendously experienced and reasonable. On top of it he has an amazing personality, always on top of things, always remembers everything, pays great attention to details and is always very positive and energetic. It was a pleasure to work with him, if I could give more than 5 stars I would.