Blog: Divorce
- Is Pennsylvania A Community Property State?
Dec 14, 2017
If you are a married Pennsylvania resident contemplating divorce, you probably are wondering how assets accumulated during a marriage are allocated during a divorce. While Pennsylvania is not a community property state, whatever property you and your spouse acquired during your marriage, including all money earned by each of you, is considered to be marital property. This property, however, is not necessarily owned jointly by you and your spouse, nor will it necessarily be divided equally betwee...Read More - Dealing With Hidden Assets In Divorce
Oct 26, 2017
Pennsylvanian residents who go into a divorce are likely not expecting to unearth hidden assets that their spouse has been keeping away from them. Unfortunately, this is the reality that some people may face. In fact, HuffPost shares that the National Endowment for Financial Education reported 2 out of every 3 divorces involve some kind of hidden assets. Huffpost also states that there are many different ways to hide assets when a marriage gets rocky, and that peopl...Read More - How To Get Your Life Back After Divorce
Oct 25, 2017
You may have put so much time and focus into your divorce that you did not consider life after the legal end to your marriage. What should you do next? How do you rebuild your life? Will things get better? These are only a few of the questions you may have. The good news is that divorce is not a final destination, but the beginning of your journey to a new life. Take these step...Read More - The Effects of Divorce on Retirement Plans
Oct 20, 2017
Pennsylvania residents who get divorced will also have to worry about the division of retirement plans and the potential financial burdens that go hand-in-hand with that. This becomes more disruptive the older a divorcing couple is, though it can naturally affect anyone’s retirement plans at any age. U.S. News states that marriage and divorce can have a huge financial impact on all aspects of retirement. It can affect retirement balances, pensions, and Social Security benefits. In som...Read More - Study Finds Divorce is Genetic
Oct 10, 2017
Many in Pennsylvania and across the nation know that those who have divorced parents are more likely to divorce themselves. A new study says this could be due to genetics rather than repeating the behavior seen by parents. According to Health, researchers studied the national registry data of nearly 20,000 Swedish adults who were adopted as children to see how their relationships resembled those of their biological or adoptive parents. The data showed that adopted children ha...Read More - Getting Divorced When One Spouse Is In Prison
Sep 25, 2017
When a couple cannot live together, marriage is much more difficult, and if this is because one spouse is in a Pennsylvania prison, divorce may feel more complicated. Getting a divorce with one spouse in prison depends on many factors, including which spouse is initiating the divorce. As FindLaw explains, if the spouse who wants to divorce is not imprisoned, he or she is able to use the imprisonment itself as grounds for divorce in some states. Whil...Read More - How Does Lifestyle Affect Affluent Divorces?
Sep 15, 2017
Pennsylvania residents like you who have a large number of assets may find yourself facing unique hurdles during your divorce. There are more things you have to consider, and more steps that you have to take to ensure that your assets are protected. One thing you may not even think to consider is your lifestyle choices during the divorce proceedings. As stated by Forbes, lifestyle maintenance costs are frequently overlooked during the divorce process. Fair conclusions can’t b...Read More - Divorce Can Make Retirement Rules Complicated
Sep 1, 2017
Many Pennsylvania couples who decide to divorce have a lot to consider: who gets the house? Where will the kids be staying? What some of these couples fail to adequately address is, what happens to the retirement savings? There are many facets of retirement to consider, and they are not necessarily cut and dry. For example, Investment News reports that there are many complicated Social Security benefit regulations relating to divorce. While it may seem like ...Read More - Is There A Healthy Way To Get Divorced?
Aug 8, 2017
Certainly no man or woman in Pennsylvania gets married with the hope or thought that they might someday get divorced. The disappointment and heartache that can accompany the end of a marriage is reasonable and to be expected. However, that does not mean that you have to let your divorce become an emotionally disturbing event for you or for your children. There are things you can do to support positive emotional health and relationships fo...Read More - 3 Different Ways To Get A Divorce
Aug 2, 2017
When you think of divorce, the image that probably pops into your mind is that of two hostile people battling it out in court. While this certainly is a common scenario, it is not the only way in which you can get a divorce. In addition to litigation, you also have the choices of negotiation, collaboration and mediation. Knowing the differences between these can help you determine which approach is right for your circumstances. Negotiation and collaboratio...Read More
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