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property division Archives

Mediation may help to minimize property division conflict

Sometimes efforts to make a marriage work are not successful. In these situations, divorce is often unavoidable. However, the process of mediation may make tackling divorce issues, such as property division, much easier than they would be with traditional divorce litigation in Pennsylvania.

Property division rules govern both marital and separate property

The emotional aspect of a divorce proceeding can quickly take a toll on a couple in Pennsylvania. However, if the two parties have high-value assets to split -- or a large quantity of property to divide -- this can also be an overwhelming part of the divorce process. Here is a rundown on how courts handle property division in the Keystone State.

Fewer couples getting divorced, fighting over property division

Over the years, people in Pennsylvania who have gotten married have been warned that around 50 percent of married individuals end up getting divorced. However, research indicates that the reality is quite different. According to researchers, the marital breakup rate declined by 18 percent during the period of 2008 to 2016, meaning that fewer people today compared with the past are having to fight over property division and alimony after years of being married.

Property division can impact a woman's financial situation

The dissolution of a marriage in Pennsylvania can understandably be perilous from a financial standpoint. Research shows that this is especially the case for women. Here is a look at what researchers have discovered about the financial impact of divorce on women and how those tackling matters such as property division can best protect financial futures.

Property division can have adverse impact on business owners

Unfortunately, not all marriages in Pennsylvania work out long term. This can be particular devastating for business owners from a financial standpoint, as they may end up losing large percentages of their business assets due to divorce property division. However, a business owner can take a few steps to keep his or her business protected in the event of divorce.

Property division during divorce may involve college debt

The dissolution of a marriage may happen for a variety of reasons. However, an increasing common reason for divorce is student loan debt. In fact, it is this type of debt, along with other types of debt, that makes property division contentious during divorce proceedings in Pennsylvania.

Debt may make property division more challenging during divorce

Going through the divorce process can be emotionally challenging. However, financial challenges can make the process worse, particularly for those who have large amounts of debt on credit cards or personal loans. Here is a look at how property division -- including debt division -- is handled during a divorce proceeding in Pennsylvania.

New tax law may impact property division decision during divorce

Ending a marriage can understandably be challenging both emotionally and financially. This is particularly true when the family home is at the center of a divorcing couple's property division dispute. The new tax law has made the decision about what to do with the family home even more complicated for many couples in Pennsylvania and elsewhere.

Maintaining sanity is possible during divorce property division

Managing finances is a complicated process. However, getting a divorce may make this already-complicated process even more complex. A few tips may help those going through divorce in Pennsylvania to maintain their sanity when navigating its financial aspects, such as property division.

Staying organized can help when dealing with property division

When individuals get married, the last thing they typically think will happen is a divorce. However, many couples find themselves in divorce court years later because spouses cannot resolve their irreconcilable differences. Nonetheless, a willingness to be proactive may help with navigating divorce issues, such as property division, in Pennsylvania.

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