The Maryland Joint Statement of Parties Concerning Marital and Non-Marital Property (Joint Statement) is a legally binding document that outlines the rights and responsibilities of both spouses in a divorce or legal separation in the state of Maryland. The Joint Statement details the division of marital and non-marital property, as well as the payment of spousal and child support. The Joint Statement is an important document that helps couples in Maryland fairly divide their assets and debts. It must be signed by both parties and submitted to the court as part of the divorce or legal separation process. There are two types of Joint Statements: a Joint Statement in a Divorce or Annulment and a Joint Statement in a Legal Separation. Both versions cover the same topics, but the content may vary slightly. In a Joint Statement, both spouses must list all of their marital and non-marital assets and debts, as well as any spousal or child support payments. The document also outlines each spouse’s rights and responsibilities for each asset or debt, such as who will retain ownership, who will pay off debts, and who will be responsible for asset management. The Maryland Joint Statement of Parties Concerning Marital and Non-Marital Property is a legally binding document that helps to divorce couples in Maryland divide their assets and debts in a fair and equitable manner. The Joint Statement is an important document and must be completed and submitted to the court as part of the divorce or legal separation process.
Maryland Joint Statement of Parties Concerning Marital and Non-Marital Property
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FAQ
Maryland is a "equitable property" state. The "marital" property, consisting of any other property acquired by either spouse during the marriage, will be divided equally, unless the court finds that equal division would be unjust.
No, Maryland is not a ?community? property state. It is an ?equitable distribution? state. Unlike ?community? property, ?equitable? does not mean ?equal.? Equitable is defined as fair and just under the facts of the particular case. Therefore, the Court has discretion to evaluate each party's needs and entitlements.
With a few important exceptions, all the property acquired during a marriage is considered marital property. Marital property normally includes such things as houses, cars, furniture, appliances, stocks, bonds, jewelry, bank accounts, pensions, retirement plans, and IRA's.
Unfortunately, separate accounts aren't protected in a divorce. Maryland is an equitable distribution state. That means that courts aren't legally required to divide assets between couples evenly. Instead, assets will be divided ing to what the court considers to be fair for both parties.
Current Maryland laws do not require couples to live apart if they choose to separate or seek a divorce. They may both live together in the same home for as long as they wish. The only residency requirement is that at least one partner must live in the state when the divorce request is filed.
Rule 9-202 - Pleading (a)Signing-Telephone Number. A party shall personally sign each pleading filed by that party and, if the party is not represented by an attorney, shall state in the pleading a telephone number at which the party may be reached during ordinary business hours.
INSTRUCTIONS: 1. If the parties do not agree about the title or value of any property, the parties shall set forth in the appropriate column a statement that the title or value is in dispute and each party's assertion as to how the property is titled or the fair market value.
No. Maryland is not a "community property" state. Instead, Maryland has an "equitable distribution" statute?meaning, the court is not necessarily obligated to divide the property equally between the spouses, but will divide property in a way the court finds is fair.
