Pennsylvania readers know that estate planning is an important step, but some people need more than just a will. A will is the basic step in having an estate plan, but you would be wise to think about more than just having a plan for deciding where your assets and money will go.
Property division involving retirement funds can be tricky
An increasing number of married couples are deciding to call it quits near retirement age. After all, by this stage of their lives, their children no longer live with them, so child custody is not an issue. However, the main issue is whether the divorce process, which involves property division, will prevent them from being financially prepared for their golden years in Pennsylvania.
If counseling doesn't work, try divorce mediation
Getting divorced in Pennsylvania can be one of the most difficult emotional and financial events one may experience. However, sometimes, it is unavoidable, in which case going through divorce mediation or traditional divorce litigation is necessary. However, in other cases, couples may want to try counseling first before filing divorce papers.
Personal bankruptcy quite different from business bankruptcy
Sometimes, people in Pennsylvania find themselves struggling to stay on top of their debt. Fortunately, if they can no longer stay afloat, they no longer have to try to do so on their own. Filing for personal bankruptcy may provide the financial relief they so desperately need.
Property division steps may need to be taken after divorce, too
Navigating a marital breakup in Pennsylvania can certainly be emotionally trying, but it can be just as challenging financially. After all, divorce is essentially a process that untangles two lives that have become intertwined with each other perhaps over the course of years or even decades. However, the hard work that comes with divorce, such as facilitating fair property division, does not stop once the divorce has been finalized. A couple of essential steps are important to take after the breakup is final, too.
Have questions about collaborative divorce? Keep reading
Like many other couples in Pennsylvania, you and your spouse may have agreed to part ways. Because you have children, you want to make sure that you make the divorce process as stress-free and smooth as possible.
Dogs treated as assets during property division
Man's best friend can clearly add value to the lives of a married couple's lives, so understandably, the couple may be at odds about who gets to keep the dog following a divorce. In family court, dogs are treated as assets during the property division process in Pennsylvania. However, the spouses can decide how they want to handle the ownership of such an asset, in a manner that satisfies both sides.
