Dividing a Business During a Divorce
Divorcing spouses spend significant time and energy deciding how to divide marital assets. But for some couples, it is important to consider how to divide ownership in a business. In Pennsylvania, either spouse’s interest in a business that has been established or developed over the course of the marriage is potentially subject to equitable distribution… Read More »
Special Issues Arising in Gray Divorce
While the divorce process is the same regardless of age, there are unique challenges and issues that are faced by couples who divorce later in life. A breakup involving spouses older than 50 is sometimes dubbed “gray divorce.” Longer life expectancies and a growing acceptance of the normality of divorce are two contributors to the… Read More »
Unique Challenges in High Net Worth Divorces
Money can buy a lot of things, but unfortunately it can’t buy marital bliss. When an affluent couple divorces, the complexity of the marriage dissolution process can be much greater than normal because of the extensive assets involved. Property division is an essential part of a high asset divorce. Both spouses have become accustomed to… Read More »
What Happens if a Spouse Dies During Divorce?
As with any litigation, a divorce case may outlive one of the parties involved. A spouse may die due to illness, an accident or natural causes while the divorce case is pending. The death — coupled with uncertainty over the parties’ marital status — can have a profound effect on the property rights of the… Read More »
What If One Spouse Wants to Keep the Marital Home Rather Than Sell it in a Divorce?
Among the most common disputes in a divorce is what happens to the family home. Sometimes, both parties just want to sell it, split the proceeds and move on. However, there may be economic reasons for not selling at that time. In other cases, one spouse or the other may want to remain in the… Read More »
Does an Inheritance Received During Marriage Get Divided During Divorce?
How much you get to keep following a divorce depends on how the marital assets and debts are divided and what is property is considered separate. If you received an inheritance during the marriage, it’s often considered separate property, but under some circumstances your ex may assert the right to a portion of it, under… Read More »
What Is Marital Property?
One of the most important issues to settle during divorce is the division of property. Pennsylvania is an equitable distribution state, which means the court divides marital property in a manner it considers fair, though not necessarily equally. But what does the law mean by “marital property”? In any divorce, there are two kinds of… Read More »