Equitable distribution in a divorce is the idea that divorcing couples should fairly divide their assets. However, what looks fair in one divorce will often look much different than what looks fair in another divorce.
To make things even more complicated, the laws are not very specific on how to achieve equitable distribution. At the end of the day, it comes down to being able to compromise and negotiate with your soon-to-be ex-spouse. Some items of value are more personal property than they are marital property.
For example, a men’s Rolex watch is a valuable asset, but it would be most fair for the person who actually wears the watch to leave the marriage with it. On the other hand, it could be offered to the other partner in negotiation for a different more valuable asset.
Equitable distribution can look at a lot of different factors, such as what the income needs of both parties will be after divorce.
A Columbia, MD divorce attorney can provide more information about equitable distribution.