A lot of people, when they hear the phrase “equitable” in connection with a divorce case, immediately think “50-50.” That’s not necessarily true. The law actually gives trial courts broad discretion in deciding what is (or is not) equitable, whether that means distributing assets and/or debt obligations evenly or ordering something different. Given the judge’s substantial discretionary power, it is vital to have a knowledgeable Maryland divorce lawyer on your side, you that you can be confident that the judge has all the information necessary to accurately decide was is a just outcome.
As noted above, a division is not always 50-50. As an example, there’s this divorce-related case from Brookeville.
The spouses worked out a marital settlement agreement in early 2015 that said that the wife would receive the exclusive “use and possession” of the marital home for three years. After that 36-month period elapsed (or if the wife remarried earlier,) the agreement dictated that the home would be listed for sale.