A marital breakup can understandably be challenging to navigate. For this reason, finally coming to an agreement on matters such as property division and achieving a divorce settlement is a major reason to celebrate. However, a few moves are important to make even after the divorce has been finalized in Pennsylvania.
Going through divorce may be one of the most difficult experiences a person may deal with in life. The process essentially involves pulling apart two lives that have become heavily intertwined from both a financial and an emotional standpoint. For instance, property division may involve deciding what to do about the marital home to which both parties have become attached, or determining how to split retirement assets. Unfortunately, a couple of common mistakes made at divorce trial may make the process even more difficult in Pennsylvania.
Ending a marriage in Pennsylvania can understandably be challenging for both emotional and financial reasons. Not knowing where to start and what steps to take long term only add to the stress of going through a divorce. However, a few tips may help with navigating the financial aspect of divorce, especially when it comes to property division.
Dissolving a marriage in Pennsylvania can be tough financially and emotionally. But the financial aspect can be even more complicated for a couple with high-value assets in the form of artwork. From a legal standpoint, however, property division involving expensive art is not much different from dividing a more modest couple's pots and pans.
A marital breakup can cause both emotional and financial disarray. One of the most common sources of conflict during a divorce proceeding in Pennsylvania is property division. This is particularly true if one of the spouses has inheritance funds.
In some marriages in Pennsylvania, couples have irreconcilable differences that eventually drive them to get divorced. Just as every marital situation is different, the times that couples choose to get divorced also differ. In fact, the season of the year may have an impact on a couple's choice to move forward with divorce and tackle potentially contentious issues such as property division.
For those who are married, entering retirement may seem relatively straightforward, as the couple can simply share in the assets they have accumulated together over the years. Meanwhile, for those going through divorce, the situation is a bit more complex. Not only must they complete equitable property division in Pennsylvania, but they should be aware of how Social Security benefits are handled for divorced couples.
One of the biggest areas of contention for divorcing couples in Pennsylvania is what to do with the family home. In some cases involving property division, a spouse decides to keep the home, while the other spouse keeps more of the rest of the assets instead. For the spouse who keeps the house, refinancing might be a wise move following the divorce proceeding.
For those going through a marital split-up, one of the biggest concerns may be retirement. This is particularly true for those getting divorced near retirement age in Pennsylvania. A couple of tips may help with navigating property division when addressing the retirement funds in a 401(k) and/or IRA.
Doctors and other high-earning professional workers in Pennsylvania may understandably be concerned about what will happen to their practices -- perhaps their most valuable assets -- during the process of getting divorced. For many of them, they have put large amounts of money, time and energy into their businesses. A few tips may help them to approach property division wisely during their divorce proceedings.