How Marital Assets Are Divided In Pennsylvania

In Pennsylvania, if divorcing spouses are unable to agree on how to split their marital assets and tackle debt division, the court will make decisions based on an "equitable distribution" model. Despite its moniker, the equitable distribution model does not automatically presume that all assets and debt should be divided in half.

Rather, the court considers a number of factors, including:

  • The length of the marriage
  • Each party's income and their ability to rebuild assets and income in the future
  • Whether either party contributed to the increased earning potential of the other
  • The standard of living of the parties during the marriage
  • The custodial responsibilities of both parties after the divorce

Marital property is all property acquired by either party during the marriage, no matter whose name is on the title, and increases in the value of nonmarital property during the duration of the marriage. This can include stocks, pensions, retirement accounts and trusts.

Nonmarital property includes premarital assets (property that either party brought into the marriage), inheritances received by either party during the marriage, gifts to a spouse other than from the other spouse, property sold or disposed of in good faith during the marriage and property excluded by a valid prenuptial agreement.

Wilkes-Barre Asset Division Lawyer

At Kalinoski Law Offices P.C., our experienced divorce attorneys properly account for and value all marital assets to ensure that your financial interests are promoted and protected. When possible, we strive to negotiate divorce settlements out of court. In cases where negotiations fail to yield favorable results in your divorce, we are not afraid to take your case to court.

Our firm will protect your interests and act as your advocate on all asset division matters as part of a divorce action or any other family law matter. Call 570-906-8173 or use our contact form to schedule a free initial consultation.