Burdened with debt from many sides, millenials are taking their time to make important decisions, like choosing to marry. In an attempt to become financially independent first, they are driving the marriage rate down. Taking the time to settle, however, does have its advantages, as they are being strategic about who they choose and fearful of separation, thus, bringing the divorce rate down as well.
Pennsylvania residents contemplating divorce may realize that, as part of the property division process, they will need to make a full accounting of their assets and debts. However, in many cases, couples come to realize that they have more assets and debts than they realized.
Among the variety of issues that must be addressed in a divorce case in Pennsylvania, property division is the most likely to have a long-term impact on a person's financial security. After all, for most married couples, working together toward greater financial security is one of the main goals in life, particularly nowadays when both spouses are likely to be employed and earning an income. When it comes time to end the relationship, how those accumulated assets will be divided can be a major sticking point.
Although Pennsylvania residents going through a divorce will expect to encounter many complicated issues as the legal proceedings play out, no issue can present as many thorny problems as the property division part of the case. During the course of a marriage, most couples acquire a significant amount of assets - oftentimes, more than they even realize when the divorce case starts. So, what complex issues can come up during the property division part of a divorce in Pennsylvania?