A wealthy Pennsylvania couple who decide to end their marriage may face a singularly difficult obstacle in dividing their assets. In most cases, the family home is the most valuable asset that the couple possesses. Dividing such an asset may be extremely difficult...
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High-Asset Divorce
Is there a way to make property division easier?
For high net-worth couples, a major headache that delays divorces (or even the decision to divorce) is the property division process. This is because not only do high net-worth couples have more money and assets to divide, but also their assets are often illiquid and...
How will your debt be divided during divorce?
In a high-asset divorce, much of the focus is on property division. This is understandable given the considerable wealth that is in play and the long-term financial implications that such division can have. Yet, even high-net-worth individuals can have a significant...
Asset tracing: can it benefit high-net-worth couples?
Divorce can be a complex process. Nowhere is this more true than with respect to property division, particularly for couples with a high net worth. Their assets and liabilities are often more varied and unique than those of other couples, making mistakes far more...
What happens to the art collection in a divorce?
An extensive art collection can be a key point of contention during a divorce. For those that are art collectors, art pieces can hold a great deal of financial and sentimental value. In equitable distribution states like Pennsylvania, courts will determine the value...
Financial issues may come to the forefront in a gray divorce
Pennsylvania couples who have accrued vast assets, shored up their retirement savings and are planning for a prosperous future as they age might be blindsided by a divorce. Divorces between those 50 and older are frequently categorized as “gray” divorces and pose...
Is your spouse hiding assets from you?
Pennsylvania is an equitable distribution state. This means that during the course of divorce, marital assets are divided in a fair, but not necessarily equal, fashion. However, to ensure that you get your fair share of the marital estate, you need to ensure that...
Thinking about divorce? Avoid these 3 common financial mistakes.
Those who are thinking about divorce have probably taken a moment to review their finances. They know they will likely need to split bank accounts, and the savvy within the group may know they will need to distinguish between marital and separate property....