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Posts tagged "business 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.

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.

Oil company leader could lose shares to marital property division

Pennsylvania couples who are working through high-asset divorce scenarios may realize that some property division questions are very difficult to answer. This is particularly true for business owners or people who own large holdings within a business they operate. One Oklahoma man is now facing the possibility of losing control of Continental Resources, an oil production company, simply because of a quirk in the marital property laws in that state.

Bethenny Frankel moves out of family home, divorce ongoing

Would you live in the same home as your ex during a contentious divorce? Although many Pennsylvania residents might balk at such a proposal, television star and entrepreneur Bethenny Frankel had been living with her ex for more than a year after filing for divorce in late 2012. Now, though, it appears that Frankel has finally made the move into her own abode, at least part-time. News reports show that the well-to-do Frankel has rented an apartment near the family home so she can spend one-on-one time with her daughter.

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