When two people marry in Maryland, especially if they marry later in life, they may bring multiple assets into the marriage, including bank accounts, retirement accounts, stocks, and more. Those assets may start out as non-marital but, if you and your spouse mix marital funds with a non-marital account’s funds, that mixing may change how the law views that asset, and may entitle you to a more favorable distribution of assets. Whether you are seeking or opposing a finding that an asset is non-marital in your divorce, it pays to have an experienced Maryland divorce attorney on your side to get the fair resolution you deserve.
A.S. and T.R. were a couple with these kinds of assets. The pair married in 2006 then separated a decade later. The wife had an individual retirement account that, at the time of the couple’s divorce trial, had a balance of $86,453. In the trial court’s final judgment of divorce, the judge found that the IRA’s funds were almost entirely non-marital.
The husband appealed successfully. A key reason for that related to the way the trial court erred in analyzing the couple’s marital and non-marital assets.