Divorce and Retirement Assets
There are many misconceptions about what part of a person’s retirement assets are marital property and therefore subject to being divided as part of a divorce. The first question is: Are retirement assets marital property in Pennsylvania? The answer depends on whether you and your spouse signed a pre-martial agreement (such as a pre-nuptial agreement)… Read More »
Understanding Alimony in Pennsylvania
Alimony, also sometimes referred to as spousal support or maintenance, is handled a little differently in Pennsylvania as opposed to other states. Once a divorce decree has been entered, the court may reasonably allow alimony, but only if it is considered necessary. Here, in Delaware County, alimony is becoming more of a common occurrence but… Read More »
Financial Points to Consider During Divorce
How a Pennsylvania Divorce Will Impact You Financially During your first meetings with a Pennsylvania divorce attorney, you will begin to discuss your financial situation. In some ways, divorce is like splitting up a business partnership: both processes focus on dividing assets and debts in a way that neither unfairly rewards nor unfairly burdens either… Read More »
Equitable Distribution
What is Equitable Distribution in a Pennsylvania Divorce? In Pennsylvania, equitable distribution is the process in which marital property is divided among spouses. Generally, marital property is all property acquired from the date of marriage to the date of separation with certain exceptions. The following are examples of marital property: Property acquired by either… Read More »