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...
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Property Division
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...
Debts obtained to benefit households may divide during divorce
Some couples overlook their household debts when making plans to split their marital assets. Pennsylvania's equitable distribution law, however, requires dividing unpaid marital liabilities fairly. As noted by Brides.com, the court may review joint and individual...
What happens to your retirement benefits during divorce?
Getting divorced, especially as you near retirement, may rattle your plans for the future. Having a tentative idea of what will happen to shared benefits can help you plan ahead. Knowing your rights, restructuring your budget and setting goals can all help you...
Is the money you inherited after your marriage separate property
If you and your spouse have decided to end your marriage, you will soon have to face the property division phase of the divorce. One major question arises in your mind: Is the inheritance you received during your marriage separate property or is it marital property?...