Dividing assets in a divorce usually focuses on houses, cars and retirement accounts. But if you and your spouse share a beloved pet, deciding who keeps the dog can feel just as significant. Pennsylvania’s House Bill 97 proposes new factors for courts to consider when...
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Property Division
Key considerations when dividing a business during divorce
Business holdings can be worth tens or hundreds of thousands of dollars or more. They are also frequently the primary source of income for the people who own and operate the company. Whether the business is a local retail establishment or a successful professional...
Uncovering hidden digital assets in a Pennsylvania divorce
Starting a divorce often means stepping into complex financial territory. It's a time when you naturally expect transparency about shared assets. Unfortunately, not everything is always out in the open. The intentional hiding of marital property remains a significant...
Top concerns when splitting retirement accounts during divorce
Retirement accounts are frequently among the most valuable marital assets spouses own. They may have spent many years during the marriage contributing to a 401(k) or similar retirement savings account. In some cases, spouses may have even set aside more for their...
3 valuable assets that can complicate divorce negotiations
The end of a marriage involves both emotional and practical issues. People often grieve their marriages, struggle with a sense of guilt and need to work through anger about what happened to their families. At the same time, they need to prepare to start living...
3 financial tips for surviving a gray divorce
So-called “gray divorces” – affecting spouses 50 and older – have ticked up steadily over the past three decades while the overall divorce rate has declined. Experts cite many reasons for this, one being the ability of both spouses to financially survive the end of a...
What are the main divorce concerns for spouses without kids?
“Thank goodness you don’t have children.” That insensitive remark has been heard by countless divorcing spouses through the years, even though the sentiment may have been well-intended by friends or family members. While not having to deal with child custody issues...
The ways a spouse attempts to hide assets
The division of assets in divorce means every asset gets scrutiny. What was once “ours” must be equally divided and accounted for. However, sometimes, an unscrupulous spouse may take matters into his or her own hands. This usually translates into hiding assets to keep...
What if the marriage did not last long?
The pandemic has impacted marriages in countless ways. Unfortunately, a higher-than-average number of new marriages did not survive the challenges of living, working and raising young children under the same roof. The specifics of each marriage are different, but...
How can you keep your full 401(k) in your divorce?
Past posts on this blog detailed the effect that a Qualified Domestic Relations Order has on your property division proceedings. With your ex-spouse having multiple options when it comes to dealing with their interests in your 401(k) (including cashing it out with the...