Getting divorced can be overwhelming both emotionally and financially. The process can be especially stressful for people with high-value assets or many assets that must be taken into consideration. Several tips may help people protect their interests when dealing with property division during a divorce proceeding in Maryland.
Separate property cannot be divided between two people in a marriage, while community property is to be divided between both parties. One party might claim that particular assets solely belong to him or her, but it is wise for the other party to explore whether or not this claim is valid. One may wish to trace the transformations and history of assets so that ownership issues may be resolved. For instance, one item may have been sold for cash, and this cash might have gone to purchasing a different item.