Tax Consequences Could Be Considered in Establishing Amount of Marital Property Award

The Maryland Court of Appeals ruled in Solomon v. Solomon that tax consequences may be considered in establishing the amount of a marital property award as an “other factor,” under section 8-205(b)(11) of the Maryland Family Law Article, when they are immediate and specific, or not speculative. In addition, the court ruled that a country club membership is not “property” to be divided, since it cannot be sold, transferred, exchanged, redeemed, inherited, or liquidated.

-Rob Hagy, Virginia Family and Divorce Lawyer