Ch. 457

2004 LAWS OF MARYLAND

(b) The court shall determine the amount and the method of payment of a
monetary award, or the terms of the transfer of the interest in [the pension,
retirement, profit sharing, or deferred compensation plan] PROPERTY DESCRIBED IN
SUBSECTION (A)(2) OF THIS SECTION, or both, after considering each of the following
factors:

(1)     the contributions, monetary and nonmonetary, of each party to the
well-being of the family;

(2)     the value of all property interests of each party;

(3)     the economic circumstances of each party at the time the award is to

be made;
parties;

(4)     the circumstances that contributed to the estrangement of the

(5)     the duration of the marriage;

(6)     the age of each party;

(7)     the physical and mental condition of each party;

(8)     how and when specific marital property or interest in [the pension,
retirement, profit sharing, or deferred compensation plan] PROPERTY DESCRIBED IN
SUBSECTION (A)(2) OF THIS SECTION, was acquired, including the effort expended by
each party in accumulating the marital property or the interest in [the pension,
retirement, profit sharing, or deferred compensation plan] PROPERTY DESCRIBED IN
SUBSECTION (A)(2) OF THIS SECTION, or both;

(9)     the contribution by either party of property described in § 8-201(e)(3)
of this subtitle to the acquisition of real property held by the parties as tenants by the
entirety;

(10)   any award of alimony and any award or other provision that the court
has made with respect to family use personal property or the family home; and

(11)   any other factor that the court considers necessary or appropriate to
consider in order to arrive at a fair and equitable monetary award or transfer of an
interest in [the pension, retirement, profit sharing, or deferred compensation plan]
PROPERTY DESCRIBED IN SUBSECTION (A)(2) OF THIS SECTION, or both.

(c) The court may reduce to a judgment any monetary award made under this
section, to the extent that any part of the award is due and owing.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed to apply only prospectively to cases for annulment or divorce filed on after
the effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2004.

Approved May 26, 2004.

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