What You Need to Know About Valuating the Family Business for Your PA Divorce. Pennsylvania is an equitable distribution state. This means that when a couple divorces, all marital property must be divided between the spouses. If you or your spouse owns a business, the business may be considered marital property. Before you and your […]
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Dividing Investment Accounts The division of assets is one of the most complex aspects of a Pennsylvania divorce. Some assets are easily divided. For example, savings and checking accounts can be split in two. However, retirement and investment accounts are different; dividing these accounts can result in penalties or tax consequences. You want to protect […]
Continue readingIf your spouse’s employer offered a pension plan, you may have counted on that money to help fund your retirement. Now that you are getting divorced, you may be worried about your future. You wonder if you’ll have the resources you need to retire. This can be especially stressful if you are over 50. Fortunately, […]
Continue readingYou’ve worked hard to plan for retirement. However, now that you are divorcing, your retirement funds may be marital property. You’ll need to divide retirement assets as part of the equitable distribution process. A few of the most common benefits likely to be distributed are: 401(k) and 403(b) A retirement plan can be an IRA or […]
Continue readingA New Jersey judge recently made a father’s requirement to contribute to his eldest son’s college costs contingent on the son’s participation in father/child counseling. The case was Black v. Black, and involved a father who had agreed to contribute to college costs for his three children as part of his 2010 divorce settlement. The […]
Continue readingQUESTION: I expect that I will be awarded alimony, how long can I expect to collect it? Alimony is a regular payment that one spouse makes to the other spouse in order to provide financial support after a divorce. In the past, Pennsylvania courts awarded one year of alimony for every three years of marriage. […]
Continue readingQUESTION: How can a lawyer help me deal with a spouse who is controlling, uncooperative and withholds information because they don’t want to get a divorce? You know that your marriage is over, but your ex has other ideas. He or she doesn’t want to get divorced and is doing everything possible to stall the […]
Continue readingQUESTION: “Who has to pay child support?” Traditionally, Pennsylvania has embraced the doctrine of paternity by estoppel. This means that the person who acts as a parent to a child id the child’s parent, even if they are not biologically related. DNA does not matter. What does this mean for you if you cared for […]
Continue readingWhile your career may be newsworthy, your private life should remain private. However, when a professional athlete, entertainer, CEO, or politician gets divorced, there is the potential that the divorce will become front page news. Although some believe there is no such thing as bad publicity, the details of your divorce can harm your personal […]
Continue readingQUESTION: How can a lawyer help me deal with a spouse who is controlling, uncooperative and withholds information because they don’t want to get a divorce? Many divorces are amicable. Both spouses know that the marriage is over and are willing to work together to come to a divorce agreement. But, some divorces are bitter […]
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