Under Maryland law, retirement plans are considered marital property while Social Security benefits are considered non-contractual benefits and thus non-marital property. Previously, Social Security benefits could not be distributed or assigned in a divorce proceeding but could be utilized to pay child support and alimony. In Jackson v. Sollie, a trial judge of the Circuit…
Divorce marks the end of a chapter in one’s life, as well as the beginning of a new chapter. Outside of the considerations made for children, divorce is essentially about finances and the division of property. Marital property is defined as all of the “stuff”, however titled, that is accumulated during the length of a…
When filing for a divorce in Maryland, decisions are made regarding the fundamentals: marital property, alimony, and—if there is at least one minor child—custody and child support. Resolution of these issues is required no matter who you are, where you live, or how much money you make. But your personal wealth could become a major…
How Are Retirement Plans Divided in a Divorce Case? One of the largest assets to be divided between divorcing spouses [both genders] is often the retirement plans/ benefits or one or both spouses. Judges may order that the “marital” portion of such retirement benefits be divided between the divorcing spouses and paid, even years in…