You are doing the hard and emotional work of separating your life from your soon to be ex-spouse’s life. You may be learning to live alone. You may be responding to parties and social obligations as a single person. You may be learning to be a single parent. As you negotiate these emotionally significant changes in your life, you must also separate the marital property that you and your spouse have accumulated.
How Marital Property Will be Divided in a Pennsylvania Divorce
Pennsylvania courts are required to make an equitable distribution of marital property at the time you are divorced. Equitable does not necessarily mean equal, however. Instead, the courts consider many factors when deciding how to divide property that has been acquired by you and your spouse since the date that you were married.
A court may, for example, consider:
• The length of the marriage.
• Whether either party had been married before.
• The age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties.
• Whether one spouse contributed to the education or increased earning power of the other spouse.
• The income of each spouse, including benefits.
• The opportunity for future capital acquisitions by each spouse.
• The contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker.
• The value of each spouse’s separate property (property that is not defined as marital property).
• The standard of living established during the marriage.
• The tax implications of the division of marital property.
• Whether the spouse will have custody of dependent minor children.
The court may not, however, consider marital misconduct when equitably dividing the marital estate.
Let a Pennsylvania Divorce Lawyer Help You
You do not have to face divorce alone. You do not have to fight for the equitable distribution of property by yourself. Instead, you and your Pennsylvania family law attorney can work together to achieve the fair and equitable outcome you deserve. Please call us today for more information about your Pennsylvania divorce and to find out how we may be able to help you.