Kalinoski Law Offices P.C.
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Posts tagged "assets"

How Pennsylvania law governs property division during divorce

For Pennsylvania couples who go through divorce, there are several issues that can create strong and often negative emotions. Property division is certainly one of them. This is not surprising considering that the finances of both spouses are at stake and that the decisions they make now will affect them for years. For this reason, divorcing Pennsylvanians should be aware of the state laws governing the division of property.

How to discover hidden assets during property division

When it comes to Pennsylvania divorces, couples are always transparent and honest about their finances, right? Not so fast. Scores of divorces in this state and throughout the nation involve hidden or secret assets that one spouse is attempting to ferret away for themselves. The fact that all marital property is subject to equitable division rules does not necessarily prevent partners from acting in their own self-interest. So, if you suspect that your spouse is hiding asset from you, what course of action should you take? Today, we discuss some options for revealing such misdeeds.

Financial steps to take during property division

Would you believe that taking four simple steps could adequately prepare you for almost any divorce situation? If you are feeling nervous about your Pennsylvania property division proceedings, you can take action now to protect your assets and interests, according to financial experts. Taking the time to appropriately prepare for the division of your marital property can help expedite your divorce, helping you get back on the road to financial independence in no time at all.

Property division litigation may be necessary for lobbyists

Divorce experts in Pennsylvania have been following the story of Gwyneth Paltrow and Chris Martin as they pursue a "conscious uncoupling" breakup based on mediation. Not everyone uses such mild methods for their own property division proceedings, however, as evidenced by news reports out of the nation's capital. Reports show that a powerful lobbyist is filing for divorce from his wife -- and fellow lobbyist -- in a Washington, D.C., court. The scathing document was followed by a countersuit from his estranged wife; the pair has been separated for more than a year and a half.

Marital property could play critical role in new economy

Single parents who have gone through a divorce in Pennsylvania may have a difficult time getting back on their feet after their breakup. In some cases, victims suffer from unscrupulous or unfair property division, which leaves them with financial troubles years after their divorce. In the wake of the 2008 Great Recession, many Americans are struggling to make ends meet, especially with benefits for long-term unemployed workers rapidly dwindling.

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