How Will Your Marital Assets Be Divided?
When you’re going through a divorce, you need a property division lawyer who understands Pennsylvania law. At The Law Offices of Dawn K. Gull, our attorney has the experience you need. Since 1996, Ms. Gull has assisted clients with property division in divorce. Call us to discuss your case: 412-440-5718. Our offices are located in Wexford, Allegheny County.
What Is Considered Fair And Equitable In Property Division?
In Pennsylvania the courts divide assets in a way that is deemed equitable – pursuant to the factors set forth in the divorce code. Equitable division does not mean that assets will be divided equally between the parties. We strive for equitable distribution of assets and are experienced in taking these cases to court, if needed.
Several factors are considered in determining distribution of the marital property, such as:
- When was the property purchased or acquired (before or after the marriage)?
- How was the property paid for (for example, inheritance, gift or cash)?
- How will taxes affect each party in the event of selling the property?
- What is the difference in incomes of the two parties?
- What is each party’s ability to support themselves after the divorce?
- How long was the couple married?
- What is the age and health of each person?
Which Property Is Considered Marital Property?
Any property acquired during the marriage is considered marital property (except by gift or inheritance) and will be reviewed when dividing assets during the divorce. Marital property could mean several things, for example, retirement accounts, real estate, a business, vehicles, boats, or cash.