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Prince George's County Divorce Attorney

Serving Largo, Hyattsville, Bowie & Surrounding Areas

Getting a divorce can have significant effects on your life, your finances, and your relationships. For such a life-changing process, it’s wise to seek experienced legal counsel from a knowledgeable Prince George's County divorce attorney in Largo, Hyattsville, Bowie, or the nearby areas. For years, our firm has been providing our clients with legal representation that is personalized and entirely customizable. Whether you are looking for general guidance, want to learn more about your legal options, or need comprehensive representation, Gray Legal, P.C. is prepared to help.

Our Prince George's County divorce lawyer offers assistance in the following areas:

Call us at (301) 281-4817 or fill out a contact form to request a initial consultation.

Division of Assets

As an equitable distribution state, Maryland does not necessarily divide marital property evenly to both spouses. Instead, assets are divided fairly (as determined by the court) between both parties. Shared assets include any property and items that were purchased during the length of the marriage. Gifts and inheritances are not usually considered marital assets. A divorce attorney will provide you the experience that you need to resolve any division of assets.

Some examples of marital assets include:

  • Vehicles, such as cars and boats
  • Real property, including the primary residence, vacation homes, etc.
  • Furniture, clothing, and other accumulated belongings
  • Bank accounts and cash
  • Retirement and pension plans

When Is a Monetary Award Given?

A court can order a monetary award to be given from one spouse to another to ensure that assets are fairly distributed. This typically occurs when one spouse is given an item (or a property) of high value that cannot be divided, such as a home or car. When this happens, the spouse receiving the high-value item is required to pay money to the other spouse. A monetary award is taken into consideration when spousal support agreements are being drafted, influencing the terms of each agreement.

To learn more about the division of assets during a divorce, or for any other divorce-related matters, please give our divorce lawyer a call at (301) 281-4817.

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