Dividing Assets And Debts During A Divorce

At the Bowie and Annapolis Law Office of Kari Holm Fawcett, I provide experienced representation and personalized services to my family law clients. With over 25 years of experience, I know what it takes to advocate strongly on my clients' behalf and to seek a resolution that best meets my clients' needs. I work hard to make sure you understand what is happening in your case so you can make informed decisions that work best for you.

Division Of Assets And Debts

From the distribution of family belongings to the division of retirement accounts, I am here to help you understand the full implication of dividing marital property during divorce or legal separation. As your property divorce attorney, I will listen to your concerns and help you identify marital property that should be divided between you and your spouse. Such property includes:

  • The family home
  • Cars
  • Furniture
  • Bank accounts
  • Pensions, 401(k)s and IRA accounts

In addition to the division of assets, it is important to understand that marital debt will also be divided between the parties. This debt could include:

  • Credit cards
  • Mortgages
  • Lines of credit or loans
  • Medical bills
  • Private school tuition
  • Personal family loans

If you find that your debt is greater than your assets and you are unable to handle your portion alone, we can speak about the possibility of filing for bankruptcy during your divorce. If bankruptcy is the right option for you, I will partner with a debt relief lawyer to assist us through the process.

Helping You Understand How Your Property Will Be Divided

I not only help you identify what property is to be divided during your divorce; I also focus on ensuring you know why things are divided. For instance, it is important that you understand that Maryland is an equitable distribution state, which means that marital assets and debts are divided in a manner that is not equal, but is instead fair. Fairness in the eyes of the court can be quite nuanced. I will advocate strongly on your behalf to ensure you get what is properly yours.

Contact Me, A Crofton Equitable Distribution Attorney, For A Free Consultation

To find answers to your questions regarding property division during divorce, call me at 301-262-5500, 410-266-5525 or send my Bowie law firm an email. I offer free consultations to individuals facing difficult financial situations.

My office is located in Bowie, Maryland, at the corner of Route 197 and Route 450, just behind the McDonalds. We also have an office in Annapolis, Maryland, next to the Westfield Annapolis Mall.