People in Maryland have probably heard stories about the property division process from a friend or family member who has gone through a divorce. In a divorce, the court has the duty to distribute the marital property of the two spouses. This equitable division can take many different forms, though, and the court has great powers when it comes to telling a person how to handle their property in response to a divorce petition.
In a divorce action, it is up to the court to determine the value of all of the marital property at issue. This often includes many different kinds of property, including but not limited to real estate, vehicles, financial accounts and retirement accounts or pensions.