Dividing Property After A Divorce: What You Need To Know
When finalizing your divorce, you are forced to make difficult decisions. This includes dividing your assets between you and your partner. For many, this can be extremely problematic and often emotional. DeNardo Law Office has been helping clients throughout Pennsylvania for 24 years. I can help you fight for what is yours.
Marital Property Vs. Separate Property
All of the property that you and your partner acquired during your marriage is considered marital property. This is what the court will decide to split. Pennsylvania is an equitable distribution state, which means that a judge will divide property fairly. It’s important to know that this doesn’t mean it will be split in half.
Separate property is anything that you owned before your marriage. It also includes anything that was acquired by gift, bequest or devises. Anything purchased with money earned before your marriage is also considered separate property. Things can get notoriously complicated, but I can help you build the strongest possible case.
What Can Be Divided?
The most common assets that are divided include cars, bank accounts, credit card debt and the family home. Complex assets include any real estate you own, recreational vehicles, boats, 401(k) plans, pensions and stock options. There are a number of things a judge will take into consideration, such as each spouse’s income, duration of the marriage, age and health of each spouse, and the ability of each spouse to provide for himself or herself. If you have children, this could also have an impact on how things are split.
We Can Help; Call Today
When dividing your assets, you need an attorney who will keep your best interests at heart. I can help you through every step of the process. Contact my office in Easton today at 610-250-9006 or fill out this contact form.