Property Division Attorneys
in Bowie & Crofton, Maryland
Dividing Assets and Debts During a Divorce
At the Law Office of Kari Holm Fawcett, we provide experienced representation and personalized services to my family law clients. With over 25 years of experience, we know what it takes to advocate strongly on behalf of our clients and seek a resolution that best meets their needs. Our property division attorneys 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, we are here to help you understand the full implication of dividing marital property during divorce or legal separation. As your property divorce attorneys, we 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
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:
Lines of credit or loans
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, we will partner with a debt relief lawyer to assist us through the process.
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Helping You Understand How Your Property Will Be Divided
We not only help you identify what property is to be divided during your divorce; we also focus on helping 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. We will advocate strongly on your behalf to ensure you get what is properly yours.
A Low-Cost Consultation
To find answers to your questions regarding property division during divorce, call us or send our Bowie law firm an email. We offer low-cost consultations to individuals facing difficult financial situations.