Once you decide to divorce, it's in your best interest to make a checklist of all your assets and debts. It can take some time to do this, but the information you collect will put you in a much better position as the process begins to unfold.
Pennsylvania households that go through divorce face greater difficulty amassing retirement wealth. According to the Center for Retirement Research, households with couples who remain married have about 30 percent more net wealth than their divorced counterparts. They also have a 5 percent greater risk of running out of assets. However, there is one big exception to this phenomenon: single women.
Pennsylvania parents who have ex-spouses with alcohol or drug dependences may have justifiable child custody concerns. While it is important that parents comply with court-mandated child custody scheduling and visitation, there are certain steps they can take to protect their kids from a parent suffering from substance abuse.
Parents in Pennsylvania may find it increasingly difficult to enforce child support agreements due to a practice called voluntary impoverishment. The process relies on the strategic manipulation of the system through under-reporting payments and earnings to the IRS to avoid child support obligations.
Parents in Pennsylvania who are not granted child custody are usually given visitation rights. In the majority of cases, the courts prefer to have both parents actively involved in the lives of their children even if they determine that the children may be better served residing with one of the parents for the majority of the time. However, parents who are denied custody should understand why and what type of rights they have regarding visitation.
A parent in Pennsylvania pursuing a separation or divorce might hit financial hard times. This is especially common when one parent was financially dependent on a spouse. Loss of income due to separation or divorce might prompt someone to apply for public assistance. Government agencies, however, will want details about child support payments before awarding benefits like food, housing, or childcare assistance. If child support payments have not been officially set up through a court, a public assistance agency might seek to collect the support money to offset taxpayer expenses to the dependent child or parent.