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Greg is talking to experienced divorce lawyer, Jeb, about property distribution in a divorce.

“We have separate bank accounts and that $60,000 is in my name alone,” Greg says.

“Doesn’t matter,” Jeb advised, “it’s still marital property.”

“What if I should spend the $60,000 before the divorce?”

“It depends on how you spend it.  If you buy a car or a Rolex, those items become marital property.  If  you buy consumables, then the money is gone and the court can’t divide it.”

“What if I give it to my brother as a gift?”

“That won’t work,” Jeb told him.  “The court can undo that gift.”

(to be continued)

 

“I’ve worked so long and so hard to be a successful businessman and I’ve made $3 million dollars. Now you’re telling me she gets half?” said Bill to his divorce lawyer, Elliot, in the hushed suite of offices. Elliot had table lamps that gave a calming glow because he hated the overhead florescent lights.

“Maryland is an equitable property state,” said Elliot. “That means the judge can do what he or she thinks is reasonable, taking into account certain factors. It doesn’t necessarily mean an equal division of property, but in most cases, it will be equal.”

“I want you to see to it that she doesn’t get half. It’s my property. All I want is what’s fair and just.”

“Then your expectations are too high and I can’t meet them. We don’t sell fairness here. There are laws and cases that have been tried before your case and the court must follow them.”

“So what do you sell here?” asked Bill.

“Our time, advice and experience. If you want a clear, honest division of property that is more or less equal, we can help you. But if you want more than that, then we cannot help you. Divorce is not fair.”