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What Are the Factors for a Monetary Award? Information Provided by: Gimmel, Weiman, Ersek & Blomberg, P.A. Before granting a monetary award to one spouse, the Maryland Court must consider 11 factors: 1) each party's monetary and non-monetary contributions to the family's well-being; 2) the value of all marital and non-marital property; 3) each party's economic circumstances; 4) the circumstances contributing to the parties' estrangement; 5) the length of marriage; 6) each party's age; 7) each party's physical and mental condition; 8) how and when marital property was acquired and each party's effort to acquire the property; 9) either party's non-marital contribution to tenants by the entirety real property; 10) any award of alimony or use and possession of the family home or property; and 11) any other factor necessary to make a fair and equitable monetary award. No one factor is considered paramount. Rather, the totality of the circumstances determines whether a monetary award is appropriate. Information Provided by: Gimmel, Weiman, Ersek & Blomberg, P.A. Was this helpful? Like our site & let us know. Related Articles Why Do You Need a Home Inspection? Is Maryland a Community Property State? What is Marital Property? Is My Business Considered Marital Property in Maryland? What is Dissipated Marital Property? Can I Keep My Engagement Ring Upon Divorce? How Long Can I stay in The Family Home Upon Divorce? Navigate:   Home States Maryland Divorce Source Maryland Divorce Articles, News and Resources Property Division What Are the Factors for a Monetary Award? Start Your Maryland Online Divorce Today Easy, Fast and Affordable with a 100% Guarantee. Find Maryland Divorce Professionals in Your Area: Choose a County! ALLEGANY ANNE ARUNDEL BALTIMORE BALTIMORE (City) CALVERT CAROLINE CARROLL CECIL CHARLES DORCHESTER FREDERICK GARRETT HARFORD HOWARD KENT MONTGOMERY PRINCE GEORGES QUEEN ANNES SOMERSET ST. MARYS TALBOT WASHINGTON WICOMICO WORCESTER Join the Network Maryland Divorce Products, Services and Solutions Maryland Divorce Resources to Help You Through the Process. Maryland Mandatory Online Parenting Class Easy and convenient - complete at your own pace online. Discount Divorce Bookstore Over 100 Titles of the Best Books on Divorce & Custody. Divorce Download Center Instantly Download, Books, Manuals, & Forms. Free Maryland Divorce Worksheet & Separation Agreement Your Guide to Get Organized and Put Everything in Writing. Maryland law requires equitable distribution of property in a divorce. The court determines a fair award of property and debt. Unless the couple can reach a settlement, the court divides the marital property, pension, retirement, profit sharing or deferred-compensation plans. The court considers contributions of each party, the well being of the family, the property value, the economic circumstances of each spouse as well as current situations such as age, mental state, the duration of the marriage, and the interest each party has in the property.

Find Professionals Choose a County! ALLEGANY ANNE ARUNDEL BALTIMORE BALTIMORE (City) CALVERT CAROLINE CARROLL CECIL CHARLES DORCHESTER FREDERICK GARRETT HARFORD HOWARD KENT MONTGOMERY PRINCE GEORGES QUEEN ANNES SOMERSET ST. MARYS TALBOT WASHINGTON WICOMICO WORCESTER Easily Connect With a Lawyer or Mediator Have Divorce Professionals from Your Area Contact You! Enter Your Zip Code:   Start Your Divorce   Settle Your Divorce   Support Forum

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