People in Pennsylvania share their various properties during their marriages, but if the couple divorces, they need to divide all of the property that they acquired during the marriage. It does not matter which spouse acquired the property or earned the income, both...
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Property Division
What if non-marital property rose in value during the marriage?
Property division is a frequent topic for disagreement in a Pennsylvania divorce. Many might perceive that to be related to a marital home, bank accounts, stocks or items of sentimental value. Those are undoubtedly included. However, other issues can arise that...
Dividing up the business in a Pennsylvania divorce
Business owners often put in years of hard work and dedication to make sure their business is a success. However, married business owners who are planning to get a divorce should keep in mind that their business may be seen by the court as marital property, meaning...
What can the court do if the property division order is ignored?
In Pennsylvania divorces in which there may be substantial assets at stake, it is important to understand all aspects of the law surrounding property division. Of course, the most basic concept is equitable distribution. The marital property will be divided in a way...
How is property divided in a divorce in Pennsylvania?
Throughout a marriage couples earn money and buy and acquire a number of assets. This property could include homes, vehicles, bank accounts, retirement accounts, investment accounts, businesses, collectables and other items. During the marriage both spouses generally...
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....
How do you divide a retirement account in divorce?
Many Pennsylvania employers offer retirement accounts to their employees, and many employees are counting on these accounts to sustain them once they have retired. So are their spouses. For many married couples, a retirement account may be one of the single largest...