Divorce can mean many different things. It can mean a new and fresh start to life, an improved quality of life, or a new adventure. Getting to these anticipated outcomes can be challenging, especially when starting over and reestablishing yourself. Specifically, what happens to the basic tangible possessions you need that were once shared?
Often, divorce comes with financial considerations that could include a division of assets where some of the items you had during the marriage will be no longer yours after your divorce. When considering asset division, there is a lot to think about. What to give up and what items you will be unwilling to let go of can have several implications. For example, there may be possessions that are a part of daily life that you want simply because you would prefer not to completely start over having to spend the additional money to buy replacements. However, even though some items may be of daily importance, if keeping them means that they will bring up difficult memories of the past, perhaps it is best to think about giving up the fight and letting them go.
Despite this, you may not be in the best and most stable financial position after divorce to stock up on all the essentials you once had. In this situation, you could be concerned about what you should do. Having a resourceful and experienced divorce attorney on your side can help you better determine what assets are necessary and which ones you will need so that you are not burdened by the cost and time it will take to start over.
At The Law Offices of Thomas Stahl, our Maryland and D.C. marital asset division attorneys can help you keep what is rightfully yours and what you need to embark on your life and journey so you can begin anew.
Keeping What You Need After Divorce
Maryland’s property division laws dictate that marital assets will be divided equitably. It is important to understand that equitable distribution is not the same as equal distribution. Equitable distribution, or fair, but not necessarily equal, distribution of assets will depend on cooperation between partners and several factors like the financial and sentimental value of property. For instance, perhaps a particular item was bought and gifted to you alone during your marriage. This item may be considered more fairly yours than your spouse’s, so you could retain ownership.
Keeping as much as you can and starting your life in the best possible position is essential. An attorney who understands how to support you will also know the most effective approach to helping you get what you want.
Maryland And D.C. Asset Division Attorneys
Determining what to hold onto and what to let go can be emotionally and financially challenging. An attorney can assist you with understanding your rights to property and how to evaluate things in a way that will allow you to move forward with your life.
To learn more, you are welcome to contact the seasoned and experienced Maryland and D.C. asset division lawyers at The Law Offices of Thomas Stahl for more information. Schedule a consultation today or call us at (443) 331-2770. We have offices in Columbia, MD, and Washington, DC.
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