Equitable Division Of Your Marital Assets And Outstanding Debt
You may have heard or read that Pennsylvania is an “equitable division” state. This means that any property, investment, or debt you accrue after the date of your marriage are subject to a fair division upon your divorce. This does not mean you and your soon-to-be-former spouse will each get an exact 50-50 split of your debts and assets.
If you and the other party can agree about the division of your assets and liabilities or have a fair prenuptial agreement defining the terms of distribution, the court will sign your agreement and incorporate it into your divorce decree. If you cannot agree, or your prenuptial agreement is riddled with unconscionable provisions, the court will take a look at your circumstances and create a settlement based on the facts of your case.
A few of the details the court considers include:
- How long was your marriage?
- Do you have a right to your spouse’s retirement pension?
- Do you need to keep the family home to continue raising your children in a stable environment near their existing school?
- Did your spouse go on a sudden spending spree and max out all the credit cards?
- Would it be better to sell your recreational vehicle since no one really wants it anymore?
At Beroes Law Center, our lawyers aim to aggressively protect what is rightfully yours. We have the experience to do so.
Preparing For Your Future Stability
Our attorneys have a track record for their intensive effort up front in preparing for your future. We will help you create a comprehensive inventory, including the discovery of any veiled assets, so the division is truly equitable. When you engage our assistance, we prepare for your divorce proceedings within the first six months.
We are here to help you navigate the complexities of determining the assets and outstanding financial responsibilities you and your spouse agree and disagree about dividing. While our goal is to narrow the items in the disagreement column, we will form the litigation around the items in disagreement.
Our Core Mission Is To Provide Strong, Compassionate Legal Advocacy
Founded in 1992, our law firm has a solid reputation for our attorneys’ ability to provide effective legal representation for our clients throughout Allegheny County no matter how complex their family disagreements. Get started today and protect what matters to you. Contact the legal team at Beroes Law Center in Pittsburgh by sending us an email or call us at 412-621-6811 for a consultation.