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property division Archives

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.

Property division can be major sticking point during divorce

The dissolution of a marriage in Pennsylvania can understandably take a toll on a person both emotionally and financially. This is true no matter how long or short of a time two people were married before deciding to get divorced. A few tips might help spouses to navigate issues such as property division during this type of family law proceeding.

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.

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.

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.

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