Property division brings multiple issues up for discussion and decisions. Usually, it is the courts that determine the outcome of these matters. However, parties may seek opportunities for collaboration and control over the decision-making process of the distribution....
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Property Division
How courts decide what is fair and equitable in property division
Property division is one of the most crucial aspects of a divorce because it profoundly impacts each spouse's financial health and future. Accordingly, divorce parties usually inquire into the process to better understand how they stand in terms of property interests...
What the marital standard of living means
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...
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...