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Posts tagged "equitable division"

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.

Pennsylvania property division tough for same-sex couples

The right to divorce should accompany the right to marry; at least that is the stance taken by one outspoken Pennsylvania resident. The woman, who married her wife in 2008 in Massachusetts, has found that obtaining a same-sex divorce in her state of residence is far more difficult than she imagined. Pennsylvania simply does not have the legal infrastructure required to support same-sex division. Since couples cannot legally marry in that state, they also cannot legally divorce.

Strategies for successful property division in divorce

Pennsylvania couples who are headed for divorce may be particularly concerned about the status of their financial affairs. Property division can admittedly seem daunting, as a large number of financial statements and documents are required during the process. Still, with more than 800,000 people filing for divorce every year in the U.S., Pennsylvania couples should realize that they are not alone in their marital property concerns. Today, we discuss some important steps each person can take before he or she enters marital property negotiation.

Postnups a must for stay-at-home parent property division

Most of us have heard of prenuptial agreements - but what about a "post-nup?" That's right, a growing number of experts say that potential property division issues can be avoided entirely through the implementation of a postnuptial agreement. Even though these documents are not as air-tight as a prenup, they offer a significant amount of legal guidance and protection, especially for parents who find themselves staying at home with the kids.

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