Are student loans marital property?
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Are student loans marital property?
Legally, any student loan debt you incurred before getting married is considered separate property and remains so after the divorce (with the exception of a prenup stating otherwise). So if you borrowed $70,000 to attend law school before marrying your spouse, that debt is yours.
Who pays student loans in divorce?
Student loans and parent loans borrowed during a marriage are considered to be the joint responsibility of the spouses if they lived in a community property state. Student loans and parent loans borrowed before a marriage or after legal separation or divorce remain the separate responsibility of the borrower.
Is Maryland a 50/50 State regarding divorce?
In a Maryland divorce, judges don’t always divide marital property right down the middle using a 50/50 split. Because Maryland is an equitable distribution state, the divorce court will divide property fairly between the spouses, but not always equally.
What is considered abandonment in Maryland?
Spousal abandonment, also known as desertion, refers to the deliberate abandonment of a spouse with the intention of ending the marriage and without justification. In order to be granted an absolute divorce in Maryland on the ground of desertion, the desertion has to continue for 12 months, without interruption.
What is legally considered abandonment?
Abandonment in the context of law is the relinquishment of a legal claim or interest, with the intention of never reclaiming it. In situations where one party abandons a contract, the other may have a claim against them for breach.
