The division of property and assets accumulated during the marriage can be a contentious process. Over time, you and your spouse may have acquired substantial assets, including real estate, stocks, vehicles, business assets and retirement plans. When going through a divorce, there will need to be determinations concerning division of these assets.
The law firm of Randi J. Vladimer, P.C., provides tremendous attention to detail when this division takes place. We thoroughly promote your interests and fight for the assets that matter most to you.
In Pennsylvania, The Split Of Assets Does Not And Is Often Not Equal Between The Parties
The Pennsylvania equitable distribution laws divide marital property and debts based on various factors. Judges consider factors that include, but are not limited to:
- Length of marriage
- The significance of either party’s nonmarital assets
- Tax consequences
- Age, health and income of each party
- Earning potential of each party
Equitable distribution permits the court to consider the financial situation of both spouses after the divorce. The application of these factors depends upon the individual circumstances of your divorce, however. Our skilled family law lawyers understand what courts are looking for when it comes to such determinations.
What Is Considered Marital Property In Pennsylvania?
Marital assets are property that is acquired during your marriage as well as appreciation to pre-marital property throughout the marriage. Some examples include:
- Your home
- A business
- Furniture and furnishings
- Retirement accounts
- Investment accounts
- Purchases made in only one spouse’s name
The Court is also required to divide marital debt which can be burdensome and complex.
Determining what marital property includes can be confusing. Some marital property may have a marital and nonmarital value. An experienced family law attorney can help determine whether such property might need to be included in the equitable distribution.