Bucks County Divorce Lawyers | Divorce Attorney In Bucks County, Pa | Zhui Feng Woo Lok Oil Paintings
While this may not seem fair, it is the reality of how property is equitably divided during a divorce in Pennsylvania. Would you like to speak with a knowledgeable Bucks County divorce attorney about the division of marital property in your case? Serving Bucks County, Northeast Philadelphia, and Montgomery County. Marital property also includes any increase in value during the marriage of any separate property owned by a spouse before the marriage (premarital property) or any property a spouse receives during the marriage.
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Bucks County Asset Division Attorney Office
Even if a debt cannot be transferred to the name of one spouse, the debt is still part of the equitable distribution process. Division of a Business. During the course of your Bucks County Divorce action, it is possible that something could come up that may cause you immediate financial harm and you may not be able to wait until the divorce is final to deal with that issue. On average, the discovery process takes about 6-12 months, depending on the complexity of the assets and amount of information and documents being exchanged. The division of marital property can be a complicated process in any divorce, between identifying property and determining what an equitable distribution looks like for each spouse. We work with each of our clients to create an individual solution for remedies sought such as: Overview of Equitable Distribution in Pennsylvania.
Bucks County Asset Division Attorney Near Me
What is the Legal Process for Getting Divorced in Bucks County? ALIMONY AND EQUITABLE DIVISION. For alimony, courts factor marital misconduct before final separation into alimony rights. Because every divorce is unique, the process starts with a personalized consultation with one of our experienced divorce attorneys. Retirement plans, pensions and other assets payable in the future. Marital Debts and Non-Marital Debts. The law provides for post-divorce alimony when "necessary. " 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. The easiest way to prove separation while the parties remain in the same residence is for one party to file for divorce and have service made to the other. Stock options and portfolios. Under the "mutual consent" no-fault ground, you may obtain a divorce after a ninety-day waiting period following the service of the divorce. Pennsylvania courts are frequently deciding divorce cases that involve substantial debts, whether it be mortgages on real estate or credit card debts incurred during the marriage. Custody evaluations are heavily used in Bucks County.
Bucks County Asset Division Attorney List
Economic disparity/incomes of the parties. Our attorneys at Cooley & Handy have a broad range of experience working with a variety of business owners, non-business owner spouses, and business valuation experts, when the value of a business is at issue. Sole physical custody – Sole physical custody means that one parent has physical custody of the child or children. We can also assist you in preparing for the mediation sessions. When making its determination, the court considers, among other factors, the income of both parents and the unique needs of the child. If a case goes to litigation, the Courts mandate that the parties meet with a mediator to determine if they can settle it without going to a judge. If you have been abused or threatened by another family member, contact our legal team immediately. You should order your credit report as soon as it becomes evident a divorce is possible. Bucks County Equitable Distribution & Property Division. Specifically, the parties to a divorce must determine which property is considered marital property and which spouse will walk away with what property.
Bucks County Pa Real Estate Attorney
Bucks County Asset Division Attorney Insurance
But you've now been served with the Summons and Complaint that starts the divorce process. Marital property generally includes the property that either spouse acquires during the marriage or acquires with funds earned during the marriage. So it may be difficult for your divorce attorney to predict how the master or judge will equitably divide the marital property in your case. In addition, statutory and case law regarding grandparents' rights has expanded. Pennsylvania is an equitable distribution state when it comes to dividing marital assets and debts, which means that marital property must be split equitably, but not necessarily equally. This option means that you have decided to end the marriage as a mutual decision with no one person taking the blame for the relationship's demise. Unfortunately, very often, marriages break down.
Bucks County Asset Division Attorney License
00 at the time of separation, then upon the parties' separation, the entire $150, 000. Courts address each case based on its unique facts. Get InformedDivorce, Custody & Family Law Blog. We'll analyze your case, answer all of your questions, and address your concerns.
The experienced family law attorneys at Williams Family Law, P. C., are available to help you to receive a fair outcome during the equitable distribution process. As a result, the paying spouse can, with certain exceptions, deduct such payments on their tax return. The "discovery" process is the process of exchanging information with your spouse about the assets each of you acquired during the marriage. In that case, the partition will not be available to the excluded spouse.
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