When business partners are also spouses, a divorce can impact an entire community of people. Employees, clients and vendors often feel the effects of this kind of divorce, for starters, even when they are not directly involved. If you and your spouse co-own a...
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High Asset Divorce
6 often overlooked complex assets in divorces
Whether your divorce is amicable or acrimonious, the stakes can be high, especially when you and your spouse have a lot of assets. In Pennsylvania, everything you and your spouse own is typically subject to equitable division, which doesn’t necessarily mean you’ll...
Financial recovery from “gray divorce”
An increasing number of older Americans in Pennsylvania and across the country are considering divorce. Since 1990, the divorce rate for people age 50 and older has doubled, a trend that shows all signs of continuing. This has taken place even as the same rate has...
Divorce involving a closely held business can be complicated
Divorcing couples in Pennsylvania are called on to perform the arduous task of valuing and dividing marital assets. Appraisals must often be performed, value statements for retirement accounts must be obtained, tax records must be reviewed ,and blue book values must...
Nasty financial issues often surprise divorcing women
According to a recent online marketplace survey by Worthy, 46 percent of divorced or soon-to-be divorced women face financial surprises during the separation process. Ex-wives in Pennsylvania may be taken aback by certain circumstances, including the need to go back...
Retirement plans for divorced single women
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...
How to manage college costs during a divorce
Couples in Pennsylvania are finding that divorce can have a devastating impact on a family's finances. Since divorce is prevalent, all people are encouraged to consider every aspect of their finances when in the process of a divorce or dispute. This is especially...
Protecting family wealth with a prenuptial agreement
Some Pennsylvania residents who are preparing to tie the knot may not have considered getting a prenuptial agreement. However, those who are bringing assets into a marriage may wish to consider a prenuptial agreement to protect those assets in the event of a...
Complications in valuing assets in divorce
When a Pennsylvania couple ends their marriage, it is important to know the value of the marital assets for property division. In a high-asset divorce, this may be particularly complex. An accountant can be a good choice if the asset that needs to be valued is...
Women who avoid financial involvement often surprised in divorce
A report from a large wealth management firm has revealed that married women still tend to fall into traditional gender roles when it comes to long-term financial decisions and investing. Among married women, 56 percent reported leaving most financial affairs to their...