Bucks County Division Of Assets & Debts Attorney

The first step in dividing marital property is identifying all property as either separate, marital, or commingled. Business assets, stocks and other investments. The grounds for divorce must be granted. In making its determination, the court generally considers the incomes and unusual expenses of both you and your spouse. At Ashby Law Offices, LLC, our Bucks County family and divorce lawyers have the knowledge and diverse backgrounds necessary to efficiently guide a client through complex legal matters. Division of Property. Bucks county district attorney. If no agreement is reached, the Conference Officer may order the parties to undergo a custody evaluation and/or schedule the case for a hearing before a judge. Our Norristown and Doylestown divorce lawyers will discuss the requirements for filing a petition seeking appropriate relief. But if you believe your marriage is worth saving, we encourage you to take every step to keep it together. Montgomery County and Bucks County Equitable Distribution Lawyer. Possession, Sale and/or Division of Real Estate. What Are the Grounds for Fault Divorce in Pennsylvania?

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You and your spouse will have 20 days to decide if you accept the written recommendation of the Master. We have a network of professionals and the courtroom experience to fight for your interests. But if the parties are not on equal footing, private negotiation or mediation will not generate a fair result. Then, the attorney for that party can sign a paper agreeing that he/she received the Complaint on behalf of that person. Getting help with a cohabitation agreement can save time and money before an issue More. Contributions of a spouse as a homemaker. We are Bucks County Divorce Lawyers. You don't have to leave every decision up to the court. If you are divorcing and need assistance with property division, contact the Bucks county property division attorneys at The Law Offices of Jennifer Courtney & Associates, P. C. When a Business is Marital Property. When many people think of dividing property in a divorce they usually only think of tangible items like the house and cars. Bucks county asset division attorney license. What is Considered Non-Marital Property? For example, this declaration results from filing a petition or complaint about spousal support or alimony pendente lite (i. e., interim support pending the litigation). Primary physical custody – In this type of physical custody arrangement, one parent has physical custody for the majority or all of the time.

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The other side will also prepare a similar document. These may include credit card debt, mortgages, student loans, and auto loans. HOW DO YOU VALUE THE MARITAL PROPERTY? Because of these main two reasons, almost all Bucks County Divorces will follow the no-fault procedures of either Consent or 1 Year Separation. Dividing marital property is never an easy task. Equitable Distribution. What if my spouse dies? Well that depends on your agreement.

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In order to best prepare this document, our divorce attorneys working with you will need your help to decide what you want to ask the Court to do as part of your divorce action. Our firm has extensive experience in asset division. How to Divide Marital Property. Rubin, Glickman, Steinberg & Gifford P. is well-versed in helping clients through this emotional time, guiding them towards sound decisions on everything from finances to custody arrangements and beyond. A Bucks County divorce lawyer like the team at Rubin, Glickman, Steinberg & Gifford P. C. can work with you to ensure that your divorce proceeds as smoothly as possible. Bucks County Property Division Lawyer | High Asset Divorce. We have more than 65 years of experience working with couples in the throes of divorce and need practical legal counsel. Sometimes litigation cannot be avoided when there are legitimate disagreements or when the other party is manipulative or hostile to negotiating.

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You'll find pertinent questions answered within each section to make big concepts understandable. At Kardos, Rickles & Hand our Bucks County property division attorneys recognize the complexity of this issue and are here to advocate for your property interests in your divorce case. Impacts of Equitable Distribution. To learn more, call or contact our office in Bucks County today.

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As with support for a spouse, the court enters its decision in the form of an order. Value of separate property. Bucks county asset division attorney jobs. In addition to telling the other party about these assets, and learning from the other party that these assets exits, you also have the right to receive all of the documentation that would prove the asset's value, like bank statements, valuation reports, trust documents, wills, etc. If an agreement is reached at the support conference, a Consent Order of Court is typed and signed by all parties. After the Grounds are established, if no other claims were included in the Complaint, the Court will enter a Final Decree in Divorce upon request by one of the parties.

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On average, it takes approximately 4-6 months from the date the Complaint was filed with the Court to obtain a Final Decree for a no-property divorce, if both parties cooperate to sign Consent Affidavits, or if the parties were already separated for a year before one party filed the Complaint (or the 1 year separation occurred shortly after the filing of the Complaint). Common marital debts include credit card bills, mortgages, car loans, home equity loans, tax obligations and judgments. Marital Property in PA: How Is It Divided During Divorce. For example, even if a spouse's name does not appear on the title to a vehicle purchased by the other spouse during the marriage, the vehicle will still be considered a marital asset for purposes of equitable distribution. However, if one spouse starts a new job during the marriage and the retirement account goes from $0 to $150, 000. For mortgage loans, one option is for a spouse to refinance the mortgage. The Master will then send your complete file to the Judge who will sign your final decree.

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With Susan's 30-plus years of experience on your side, you can discover practical, peaceful ways to divide assets such as: - Your marital home and any other real estate that you own. 00 in credit card debt. Like prenuptial agreements, a postnuptial agreement sets forth what will happen to you and your spouse's assets after a divorce. Is My Spouse Eligible for a Portion of It?

Both spouses are entitled to an equitable distribution of all marital assets. Non-marital property includes any gifts or inheritances received from third parties (not your spouse). Division of a Business. It is important to factor in the responsibility of the debt when dividing assets. All separate property reverts back to the spouse that brought it into the marriage. Courts and divorce lawyers encourage reconciliation efforts. ALIMONY AND EQUITABLE DIVISION. When filing a divorce on the grounds of indignities or mutual consent, the courts may require counseling upon the request of either party or their own volition. At this appearance before a judge, also called Argument Court, the judge will consider the transcripts of testimony from the Support Hearing and written briefs from the support lawyers. Under certain circumstances, the court may require the parties to attend up to three marriage counseling sessions.

If the divorcing spouses have similar incomes from their jobs and the marital assets include a home and modest retirement accounts, the courts will often order a 50/50 division. If both parties consent to the divorce, the parties' divorce decree is ready to be entered as soon as 90 days after service of the Divorce Complaint. How to Determine Who Gets What? The Code grants divorce on one of two bases: mutual consent or one-year separation. Now it provides grandparents an ability to foster their relationships with their grandchildren by seeking partial custody from the courts. If an agreement cannot be reached on the issue of equitable division of the marital property, then Pennsylvania law and local county rules require a series of formal steps to conclude the matter.

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