Division of property in Pennsylvania divorces

Courts will consider many different factors when dividing property during a divorce.

2013-04-24

April 24, 2013 (Press-News.org) Division of property in Pennsylvania divorces

Article provided by Gentile, Horoho & Avalli
Visit us at http://www.gha-lawfirm.com

There are many reasons why a couple may be considering ending their marriage. The spouses may try to make things work, but in the end, it might be impossible for the couple to resolve their differences. This is often a very emotional time for everyone involved, and can leave the spouses waiting for the divorce to be complete as soon as possible.

Many spouses will try to work out an agreement about the issues that need to be addressed with one another. In some circumstances, they are unable to come to an agreement about property division or child custody matters. Those couples may then turn to the court for assistance with their divorce.

Pennsylvania law requires marital property to be divided equitably. This does not necessarily mean that each spouse will receive an equal share of the property that they have acquired during the marriage. The property agreement that will be determined by the courts simply must be considered "fair" at the time it is entered. The court will use many factors to decide how to divide the property, including:
-The length of the marriage
-The ability of the parties to work after divorce
-The contribution of the spouses to the marriage
-The sources of income for the parties, which can include benefits from employers
-The value of the property to be divided
-The standard of living of the parties
-Whether or not the spouse will be a custodian to any of the couple's children

For couples with high-value assets that need to be divided, including homes or businesses, it will be important to get an evaluation of the asset's worth before coming to an agreement. If one of the spouses wishes to continue operating the business after the divorce, it will be necessary to get an idea concerning the value of all of the assets of the company in order to buy the other spouse out.

Couples will also need to divide the debts that they have acquired during the marriage as well. This includes the credit card debts of the parties, and may also include the mortgage for the marital home.

Agreements made concerning the division of property can be extremely difficult to change in the future, so it is important that individuals understand the decisions that they are making at this time. Failing to properly address issues during this stage can leave individuals struggling with money problems after the divorce is final.

If you are considering filing for divorce, you may have questions about what will happen throughout the process. Many people are not prepared for some of the issues that may arise, and this can make the divorce more stressful. Speak to an experienced family law attorney to learn more about the steps you need to take to make your divorce as painless as possible.

ELSE PRESS RELEASES FROM THIS DATE:

Long-time Wisconsin dairy company files for bankruptcy protection

2013-04-24

Long-time Wisconsin dairy company files for bankruptcy protection Article provided by Kerkman & Dunn Visit us at http://www.kerkmandunn.com When the expenses of a business outpace its income for too long, eventually it may have to make the hard decision to close the doors. This is what happened to a Waukesha milk bottling company, Golden Guernsey, earlier this year. The company was established in Milwaukee over 80 years ago and is well known in the Wisconsin dairy industry. With both assets and liabilities reportedly in the $10 to $50 million ranges, the ...

Texas again attempts to pass a texting while driving ban

2013-04-24

Texas again attempts to pass a texting while driving ban Article provided by Lovett Law Firm Visit us at http://www.lovettlawfirm.com Distracted driving is a big problem in Texas and across the nation. Texas Department of Transportation statistics show that more than 81,000 car accidentswere caused by driver distraction, inattention or cellphone use in 2011. Despite this fact, it seems that many drivers are unable (or unwilling) to put down their phones. Numerous studies show that one of the most distracting activities that a driver can do is send or read a text ...

Converting co-ops into condominiums

2013-04-24

Converting co-ops into condominiums Article provided by Avallone Law Associates Visit us at http://www.lawrenceavallone.com With the ever-changing real estate market, many people have changed their minds about whether they want to own a co-op or a condominium. Increasingly, owners are deciding not to sell their properties, but rather to go through the process of converting their co-op into a condominium. Although it can be challenging, this process is not impossible, especially with the counsel of an experienced real estate lawyer. If you are considering converting ...

Study: breast cancer misdiagnosis top cause of radiologist malpractice

2013-04-24

Study: breast cancer misdiagnosis top cause of radiologist malpractice Article provided by Alan D. Bell Visit us at http://www.adbelllaw.com Due to the efforts of the media, it is now common knowledge that it is important for breast cancer to be diagnosed as early as possible, in order to have the best shot at remission. Unfortunately, however, this does not always occur--sometimes due to the radiologist's failure to diagnose cancer in the breast at the early stages. In fact, according to a recent study published in the medical journal Radiology, failure to diagnose ...

How other disability benefits may impact Social Security benefits

2013-04-24

How other disability benefits may impact Social Security benefits Article provided by Law Offices of Judith S. Leland, APLC Visit us at http://www.disabilitylawfirm.com When a person becomes disabled, he or she may have a variety of disability benefit programs to choose from, including federal Social Security Disability Insurance (SSDI), disability coverage through private insurance, workers' compensation disability benefits and other public disability benefits programs. However, workers' compensation and other benefits may reduce the amount of benefits a disabled ...

Preventing physical workplace disorders in Connecticut

2013-04-24

Preventing physical workplace disorders in Connecticut Article provided by Drake, Marjorie Howes Visit us at http://www.mdrakelaw.com There are many ways that individuals can become injured at work, but the most common types of injuries are cumulative trauma disorders, otherwise known as repetitive motion disorders. These are conditions that arise from the extended repetition of certain physical movements, often involving the arms, wrists and hands. Symptoms of these motion disorders include pain, tingling and numbness in certain areas of the body, and many times ...

Supreme Court limits use of drug-sniffing dogs outside homes

2013-04-24

Supreme Court limits use of drug-sniffing dogs outside homes Article provided by Connell & Connell, LLC Visit us at http://www.connell-connell.com One of the recurring questions in criminal law is how far the Fourth Amendment goes. The amendment, which protects citizens and their houses, papers and effects against unreasonable searches and seizures by those acting on behalf of the government, is constantly being defined, expanded and limited by caselaw. As an example, a recent case before the Supreme Court questions how much protection does the Fourth Amendment ...

Business succession planning is key in Connecticut

2013-04-24

Business succession planning is key in Connecticut Article provided by Diana, Conti & Tunila, LLP Visit us at http://www.dctlaw.com/ Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does this make a business transition ...

Why File Chapter 13 Bankruptcy?

2013-04-24

Why File Chapter 13 Bankruptcy? Article provided by John Clayton Colwell Visit us at http://www.debtclinic.com For many Californians in financial distress, even trying to make the monthly interest payments on their debt can be a challenge, to say nothing of putting any money toward the principal. People may have a steady monthly income but still be unable to make ends meet. California residents should be aware of how filing Chapter 13 bankruptcy may be a way for them to get back on solid ground financially and the advantages Chapter 13 may offer over other types ...

Seven individuals arrested for allegedly growing marijuana

2013-04-24

Seven individuals arrested for allegedly growing marijuana Article provided by Schuetze & McGaha, P.C. Visit us at http://www.smlvlaw.net Las Vegas is known for its wild party and nightlife scene, which attracts numerous tourists each year. Many of these tourists are unaware that this lifestyle usually means security and police presence. This results in a high number of drug arrests, for both tourists and residents. Nevada currently boasts some of the most aggressive laws in the country relating to drug possession and distribution. Seven individuals charged ...

LAST 30 PRESS RELEASES:

Patients who had cataracts removed or their eyesight corrected with a new type of lens have good vision over all distances without spectacles

Wiley advances Knowitall Solutions with new trendfinder application for user-friendly chemometric analysis and additional enhancements to analytical workflows