A married couple’s lifestyle encompasses numerous factors – the kind of house they live in, the cars they drive, and their preferred clothes, restaurants and vacations. Aside from these luxurious choices, it also includes their basic necessities, such as their child's...
Helping You Overcome Life’s
LEGAL CHALLENGES
Property Division
How is debt divided in a divorce?
When two people decide to get married, they bring more than just their personalities and preferences to their relationships. They also bring their financial histories and obligations, such as debts from student loans, credit cards, mortgages or other sources. Some of...
What properties are not subject to division in a divorce?
It is common for divorcing spouses to have a pile of questions about the divorce process. One of their main concerns is determining which properties the court will distribute between spouses and which ones are excluded from the division. Following the equitable...
Using collaborative law to divide property in a divorce
Some divorcing couples may think that fighting things out in court is the only way to divide property. However, an alternative method is becoming a more popular way for couples who want to avoid a legal battle. According to FindLaw, collaborative law includes...
What is separate property?
As you begin to work on a divorce agreement, you will need to make many decisions. Property division will be one of the more complex issues you must handle. When dividing your property, you need to understand the difference between marital and separate property....
Does divorce require splitting a family business?
Pennsylvania's divorce laws generally require dividing your marital assets. You and your soon-to-be ex-spouse may, however, negotiate a fair division. The process includes splitting a business that either spouse started after your marriage. Forbes reports that a...
Do you need a financial advisor on your divorce team?
When you marry someone in Pennsylvania, you may pool your earnings with this person and plan how to fund your retirement together. Yet, if the marriage ends, you may find that your financial future looks quite a bit different. If you have concerns about having enough...
2 questions about keeping your home in a divorce
You have a lot of fond memories in your home. If you go through a divorce, you probably wonder about your chances of keeping it. Pennsylvania courts consider several grounds for divorce. These include fault, mutual consent and irretrievable breakdown. Continue reading...
With divorce imminent, how do you prepare for property division?
If your divorce proceedings are fast approaching, is the prospect of property division making you frantic? The more organized you are, the more smoothly this phase of the divorce will go. Financial preparation is essential. Begin by making a list of your assets and...
Marital property exclusions
One of the most stressful aspects of the end of a marriage is property division. Pennsylvania is an equitable division state. This means a judge looks at your marital property and decides who receives what in property division. According to the Pennsylvania...