If a party owes or co-owns a family business, there can be very unique challenges to deal with in a divorce case. A Pennsylvania Court is authorized to divide the value of a business in a divorce case. Therefore it is important to carefully consider whether you will acquire a business valuation to determine the […]
DIVIDING STUDENT LOAN DEBTS IN DIVORCE CASES
If you are involved in a divorce and one spouse has student loan debt acquired during the marriage, you may be curious about how a divorce court will deal with distributing the debt. If the student loan debt was acquired during the marriage it is considered marital debt. Marital debt is ordinarily divided between the […]
VALUATION OF REAL ESTATE IN DIVORCE
Does your divorce involve real estate and rental properties? If so, here are some important points to consider if these assets exist in your divorce case: Obtain clear current copies of your deeds and leases. Provide your divorce attorney with clear current copies of your deeds, leases, and other legal documents to identify the real […]
HIGH NET WORTH DIVORCES
High asset divorce requires the experience of a trusted divorce attorney who knows how to handle the complex issues that can arise in these cases. If your marital assets include real estate, including condominiums, vacation homes, mobile homes, time shares, and other important holdings such as businesses, stock options, stocks, mutual funds, money market accounts, […]
HOW COLLEGE SAVINGS ACCOUNTS ARE DEALT WITH IN DIVORCE PROCEEDINGS
Pennsylvania law does not require divorced or separated parents to contribute to their children’s post-secondary educational expenses. However, parents can agree to pay these expenses in a written divorce settlement agreement. Part of the divorce agreement can be how to treat college savings and custodial accounts established for the children. There are various ways that […]
WHAT HAPPENS TO MY ENGAGEMENT RING IN A PENNSYLVANIA DIVORCE CASE?
Pennsylvania divorce courts have statutory authority to divide all marital property, which includes all property acquired from the date of the marriage through the date of separation, unless an exception applies. One exception is that property acquired by gift is not considered marital property and thus is not subject to equitable distribution by a divorce […]