Many people worry about going through a divorce because they think that they may end up being poor or without anything they need to support themselves. Realistically, most people don’t end up without anything, but there will be adjustments in how much income, as well...
Property Division
Will you receive half of your marital assets when you divorce?
When you and your spouse file for divorce, you either negotiate a property settlement or a judge divides your asset for you. Having a realistic idea about what you might receive if a judge splits your assets could help you push for better terms during negotiations...
How a prenuptial agreement can protect your assets
Nobody wants to go into a marriage with a divorce in mind but planning ahead can save a couple money during a divorce and can streamline the process, saving agonizing months of legal bureaucracy. Prenuptial agreements are designed to help high- and mid-income earners...
What does it mean to “commingle” assets in a marriage?
How do you tell what’s yours and what belongs to your spouse when you decide to divorce? That’s not an easy question to answer, especially if you’ve been married for a while. You may have brought certain assets, like a house or a car, into the marriage, but they may...
Do you want to keep your home after your divorce?
It can be hard to envision your future right after you realize divorce is imminent. From your family circumstances to your living situation, nothing may seem certain. You will have to spend some time thinking about what is best for you and your children, if you’re a...
How your spouse can hide assets during divorce
It’s easy enough to assume that your spouse will be honest and forthcoming during the divorce, but you have to remember two things. First, they may not want to get divorced, which can make the process feel like a competition. Second, people will do things you would...
Which assets should you consider to be marital property?
When you’re going through a divorce, one of the things you’ll need to handle is the division of your marital property. In Pennsylvania, the state has equitable distribution laws, which means that your property will be divided fairly, not necessarily equally. The...
What happens to the family business in the event of a divorce?
Married couples in the Wexford area may have earned their living together by co-owning a family business. However, even though they may have seen lucrative financial success as business owners, their marriage may not have been as successful, and they may eventually...
There are many benefits to a prenuptial agreement
When a Pennsylvania couple gets engaged, they are often full of anticipation and excitement for their future together. Wedding planning can take years, involving lots of venue shopping, wedding dress shopping, interviewing photographers, etc. Despite all the planning...
What is a postnuptial agreement?
Prenuptial agreements appear in media reports describing how celebrities agreed to divide their assets when they divorce. But many more couples can benefit from these property division contracts. If couples never entered a prenup before marriage, they may agree to a...