Dividing Assets and Debts in Divorce
When a marriage ends in divorce, couples are faced with making tough decisions and having difficult discussions, including the fair division of assets and debt. Pennsylvania is an equitable distribution state, which means assets are divided fairly between spouses. Income, age, education, health, marriage length, and other factors matter when distributing assets. We can help guide you through all these complex variables and questions you may have.
In an ideal situation, the two parties can work together to decide how best to split up the property but working with a knowledgeable attorney is in your best interest when that is not possible. Contact our offices to discuss how we can help protect your property interests or mediate on your behalf.
Dividing 401(k)s, Real Estate, and more
Before a divorce is finalized, all property, assets, and debt must be divided in a way that is satisfactory to both parties. Many Pennsylvania divorces involve complex assets, including:
- Investment properties and timeshares
- Stock portfolios
- Family-owned businesses
- Valuable collections
- Retirement accounts and savings
It is crucial to understand how much of the money is marital and how much is separate. Let our skilled lawyers protect your fair share of marital assets.
If you and your spouse are divorcing in Pennsylvania, your retirement accounts may play a considerable role in your property settlement.
In many divorce cases, retirement accounts are split down the middle. However, that may seem unfair to those who have contributed most of the money to that account. Let us review the details of your situation and help you come to an agreement that protects your financial interests and future retirement.
We are skilled at dividing:
- Individual retirement accounts (IRAs) and Roth IRAs
- Pension plans
- Military retirement benefits
- Other assets
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