Don’t Lose Your Fair Share of the Assets
How Is Property Divided In Pennsylvania?
In Pennsylvania, courts divide property based on what is most equitable after a divorce. This doesn’t necessarily mean a 50-50 split. Instead the court will look at each party’s financial circumstances and divide assets based on what seems fair.
Attorney Louis Martini will thoroughly examine all of the marital assets in your case. These may include:
- Houses, vacation property and other real estate
- 401(k)s, IRAs and other retirement accounts
- Stock options, military benefits and other intangible assets
- Businesses and professional practices
- Art collections, vehicles and other property
We will also work closely with your financial advisors and accountants, as necessary, to determine the effect a property division will have on your tax liability and financial solvency.
Understanding “Equitable Reimbursement”
Many people are concerned about losing assets — either to their spouse or through liquidation — during divorce. However, there is a way to preserve properties and still achieve an equitable distribution.
When one spouse wants to keep a property, he or she may be required to offset the value of the property through periodic payments to the other spouse. Called “equitable reimbursement,” this solution allows individuals to avoid selling properties when there aren’t enough assets or cash to achieve a fair division upfront. Let us talk with you about what this might look like in your situation.
Taking the Right Approach in Your Unique Situation
There are two ways to resolve property division disputes. The first is through negotiation and settlement, the second through litigation. At Louis Wm. Martini, Jr., P.C., we always attempt to resolve disputes through negotiation first — which can saves you time, money and stress. However, if going to trial is the only way to protect your property interests, Mr. Martini is ready and willing to litigate.
Contact our dedicated legal team in Media, PA now
Mr. Martini has more than 20 years of litigation experience. He understands how local judges evaluate cases and what it takes to successfully try a case in family court. Count on him to fight for you.
Contact our Media office today for a free consultation. Call 610-492-7122. We’re on your side.
