Annapolis Division of Property Attorney 

Expert Legal Guidance for Property Division Cases in Maryland

When it comes to matters of division of property in Maryland, you need an experienced and knowledgeable attorney by your side. At the Law Office of Nicholas T. Exarhakis, we have served clients in Annapolis and the surrounding areas for years, helping them navigate the complex and often emotionally charged process of dividing property during divorce or separation. Our team protects your rights and ensures a fair outcome in property division cases.

Call the Law Office of Nicholas T. Exarhakis today at (410) 593-0040 or contact us online to schedule a meeting with our division of property lawyer in Annapolis!

What is Division of Property?

Division of property, often referred to as property division, is a crucial aspect of divorce or separation proceedings. It involves the legal process of distributing assets and liabilities between the parties involved. The goal is to ensure an equitable distribution of property, considering various factors such as each party's financial contributions, duration of the marriage, and individual needs.

Property division can encompass a wide range of assets and liabilities, including:

• Real Estate includes the family home, vacation properties, and rental properties.
• Personal Property: Vehicles, furniture, jewelry, and collectibles.
• Financial Assets: Bank accounts, retirement accounts, stocks, and bonds.
• Debts and Liabilities: Mortgages, credit card debt, and loans.

At the Law Office of Nicholas T. Exarhakis, we understand that every case is unique, and we tailor our approach to meet our client's specific needs and circumstances.

How is Property Divided in Maryland?

Maryland follows the principle of equitable distribution when dividing property. Equitable distribution does not necessarily mean equal distribution, but rather a division that is fair and just considering various factors. Some of the factors that the court may consider in property division cases include:

• Contributions to the Marriage: The court will assess each party's financial and non-financial contributions to the marriage. This includes contributions to the household, raising children, and supporting a spouse's career.
• Duration of the Marriage: The length of the marriage can influence the division of property. Longer marriages may result in a more equal distribution of assets.
• Financial Situation: The court will consider the financial situation and needs of each party, including their earning capacity, health, and future financial prospects.
• Agreements Between Spouses: If there is a prenuptial agreement or a valid postnuptial agreement in place, it may dictate how property is divided.

Property Division Process in Maryland 

Navigating the property division process in Maryland requires a thorough understanding of family law and the legal intricacies involved. Our experienced attorneys at the Law Office of Nicholas T. Exarhakis are well-versed in the local laws and procedures, and we guide our clients through each step of the process. The property division process typically involves the following key steps:

• Identifying Marital Property: The first step is identifying and classifying which assets and debts are marital property. Marital property generally includes assets acquired during the marriage, regardless of who paid for them.
• Valuing Assets: Each asset and liability must be assigned a fair market value. This can be straightforward for some assets, such as bank accounts, but more complex for others, like business interests or retirement accounts.
• Negotiation or Mediation: In many cases, couples can agree on the division of property through negotiation or mediation, which can be a faster and less adversarial process than litigation.
• Court Intervention: If an agreement cannot be reached, the court may decide on property division. In Maryland, the court follows the principle of equitable distribution, which aims to achieve a fair and just outcome for both parties.
• Enforcement of Orders: It must be enforced once the court issues a property division order. Our legal team ensures that our client's rights are protected and that all orders are properly executed.

Contact Our Annapolis Division of Property Lawyer Today

Navigating the division of property during divorce or separation can be a challenging and emotionally charged process. A knowledgeable and experienced Annapolis division of property lawyers is essential to protect your rights and achieve a fair outcome.

At the Law Office of Nicholas T. Exarhakis, we are dedicated to providing expert legal guidance and representation in property division cases. Our team of attorneys is well-versed in Maryland's family law, and we are committed to working tirelessly to secure the best possible outcome for our clients.

Contact the Law Office of Nicholas T. Exarhakis today to schedule a consultation with our division of property attorney in Annapolis!