Which official determines the value of marital property in a Maryland divorce?
The circuit court itself: Family Law section 8-204 requires the court to determine the value of all marital property, aside from certain retirement benefits. The statute does not dictate who may supply valuation evidence, so the appraisals each side presents become the raw material for the court's finding.
What is the joint statement of marital property Maryland requires?
Under Maryland Rule 9-207, the parties file a Joint Statement Concerning Marital and Nonmarital Property with the circuit court, listing assets, their claimed values, and classification, covering vehicles, household goods, tools, equipment, and accounts. Disagreements recorded there frame exactly which items need independent appraisal before trial.
How long after a Maryland divorce can property values still be decided?
Up to 90 days after the decree if the court expressly reserved the power, and beyond 90 days only when the decree reserved it, the court extended the time within the 90 days, and both parties consented (Family Law section 8-203). Valuation evidence therefore has to be ready on the court's schedule, not just by the trial date.
Is there a dollar floor below which Maryland ignores marital property?
No. Maryland's statutes set no minimum value or small-asset exception; classification, valuation, and the monetary award analysis apply to all marital property. In practice, parties group low-value household goods and focus appraisal effort on jewelry, collections, vehicles, and business interests where value is genuinely disputed.