Maryland Info
Maryland Divorce
Start Your Divorce
Find Professionals
Maryland Articles
Divorce Facts
Divorce Grounds
Residency
Divorce Laws
Mediation/Counseling
Divorce Process
Legal Separation
Annulments
Property Division
Alimony
Child Custody
Child Support
Divorce Forms
Process Service
Grandparent Rights
Maryland Articles
Agreements
Custody & Visitation
Child Support
Counseling
Divorce/General
Domestic Abuse
Financial Planning
Mediation
Property Division
Spousal Support
Info Categories
Contemplating Divorce
Children & Divorce
Divorce, Dollars & Debt
Divorce Laws
Divorce Process
Divorce Negotiation
More Information
Articles Checklists Research Center Cases of Interest Dictionary Encyclopedia Encyclopedia (pop-up) Blogs
For Professionals
Advertise With Us Free Network Page Join Our Network Submit Articles Sign In Network Sites
|
Is My Business Considered Marital Property in Maryland?
In Maryland, the value of a business interest acquired during the marriage is considered marital property, even if it is owned and operated by only one spouse. Upon divorce, the Court must determine the "fair market value" of a spouse's business interest, which is what a willing buyer would pay a willing seller, neither being under the compulsion to act and both having reasonable knowledge of all relevant facts. However, a spouse's "personal goodwill" in the business is their non-marital property, not subject to equitable distribution by the Court. "Personal goodwill" is the part the business value which is directly attributable to the reputation and success of the spouse owner. Business valuation in divorce is a complex issue in divorce cases, often requiring forensic analysis of business records and expert testimony.
Navigate:
Home
States
Maryland Divorce Source
Maryland Divorce Articles, News and Resources
Property Division
Is My Business Considered Marital Property in Maryland?
Under Maryland law, child support is determined based on the Income Shares Model. Therefore the monthly support amount for the child is proportionally shared between the two parents based on their incomes, past W-2s, and child support worksheets. One parent will then pay the other parent his or her share of child support. Considerations will also be made for existing debt, property settlement, mortgages, other children or any other financial considerations.
|
![]() Find Professionals
Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
|
Terms & Conditions | Privacy | Cookie Policy | Do Not Sell My Information
Established in 1996
Copyright© 1996-. All rights reserved by MH Sub I, LLC dba 3StepDivorce.