Marital Asset Division > Washington D.C.
In Washington, D.C., marital property includes nearly all assets and income acquired by either spouse during the marriage, regardless of whose name appears on the title. The goal is equitable distribution, meaning a division that is fair based on the unique facts of each case—not necessarily a 50/50 split.
Compensations from Car and Transport related Accidents
The 911 provider shall not impose, or fail to impose, on Company any requirement, service, feature, standard, or rate that is not required of the incumbent local exchange company.
Statutory Framework
- § 16-910, D.C. Code:
Defines marital property as any property, earnings, or assets acquired during the marriage by either spouse. In dividing these assets, D.C. courts consider factors such as:
- Duration of the marriage
- Each spouse’s financial condition
- Contributions to the acquisition and maintenance of marital property
Source: McKeon Law Firm
Case Law
- Harrison v. Harrison (1983):
Ruled that increases in value of non-marital property during the marriage, due to marital efforts or funds, can be treated as marital property (McKeon Law Firm).
- Goodyear v. Goodyear (2014):
Affirmed that marital property can be divided to address economic disparities between the parties after divorce, emphasizing equitable distribution (McKeon Law Firm).
Evaluation of Different Assets
Retirement Accounts: Divided if accrued during the marriage.
- Real Estate: Division considers financial contributions, living arrangements, and any marital improvements made to the property (McKeon Law Firm).
- Business Interests: Considered marital if they grew during the marriage due to joint efforts.
- Personal Property: Assessed for both sentimental and economic value, with division based on use and acquisition (McKeon Law Firm).
Gifts: Treated as non-marital if explicitly intended as separate, otherwise included in marital property (McKeon Law Firm).
-
Need help with any kind of legal issues? Contact us
now.