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...
Helping You Overcome Life’s
LEGAL CHALLENGES
Property Division
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?...
Property division casts the fate of marital and separate assets
If you are facing the property division phase of your divorce, you may think you know which assets are marital and which separate. However, the lines are sometimes blurred and the effort to sort items correctly may lead to a few surprises. Separate versus marital...
Keeping the family home after divorce
If you are thinking about divorce, you have probably wondered about whether you should try to stay in the family home. This decision can have significant financial implications for both spouses. Ask yourself these questions when deciding what to do with the home you...
What is separate property in Pennsylvania?
The most contentious part of divorce proceedings is the division of property. In the event that you file for divorce, you will want to know what property is part of the marital assets and what will remain exclusively yours. Courts in Pennsylvania attempt to divide the...
Do you need a prenuptial agreement?
The time leading up to your wedding is exciting. Planning your life with your new spouse may involve moving in together, making plans for your honeymoon and thinking about your future. However, before you tie the knot it may also be important to discuss what might...
Red flags for hidden money during a divorce
When a marriage in Pennsylvania begins to hit rocky waters, financial secrets can begin to grow. Some of these hidden finances can be especially troubling during a divorce, where they may originate as an attempt to deny a spouse his or her fair share of marital...