Guiding You Through The Division Of Assets And Debts

No two property division plans are exactly alike. In order to come up with a property division plan that accurately reflects your current financial situation, you want a lawyer who will take a hands-on approach and carefully examine your options.

At the offices of Douglas Cohn Attorney at Law, we will provide you with the comprehensive counsel you need to come up with the best possible plan. As a former family law judge, Bethesda property division attorney Douglas Cohn understands the wide range of factors the court will consider in these cases. He also understands your personal property rights.

Representing And Protecting Your Best Interests In Equitable Distribution

The courts of Maryland and Washington, D.C., both divide marital property and debts according to equitable distribution. They are not community property states. "Equitable" may not necessarily mean "equal." The court takes many factors into consideration, including, but not limited to, length of the marriage, education level of the parties, health of the parties and time needed for vocational retraining by an individual.

While all people focus on their assets in divorce, it is equally important to focus on debts. Debt is a major factor in any property distribution settlement and alimony award. All people bring some assets and debts into a marriage, while other assets and debts are acquired during the marriage.

Determining marital assets must be done on a case-by-case basis. We have the experience and resources to handle complex financial matters, including business valuation in order to determine your marital assets, including:

  • Retirement accounts and pensions
  • Business assets and professional organizations
  • House and real estate holdings
  • Cars and other motor vehicles

Items primarily used for children, such as toys, books, furniture and clothes, will most likely be awarded to the spouse who gets primary custody.

If you have a prenuptial agreement, that will be the major guiding force in the distribution of your assets and debt.

Providing collaborative law and mediation services for our clients, we want to help you work with your spouse to negotiate a plan that works for everyone. However, if this is not possible, attorney Cohn will be ready to protect your rights in court.

Contact Us

The result of your property division settlement will have a major impact on your financial future, so make sure you do everything you can to protect your rights. Contact our Bethesda law offices online or call us at 301-968-6840 today to learn more about your rights and options.