When a couple in Connecticut buys a home together, they make a big commitment. If a couple breaks up or goes through a divorce after making such a purchase, dividing the mortgage and determining what will happen to the home can be very difficult.Buying a home can be...
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Property Division
Second time around: What you should think about when remarrying
You never thought it would happen again--but you've found love! Older and wiser, you've learned from the experience and you are excited to start your new journey with your new mate. Your divorce is in the past and you don't ever plan on going through another one. Yet,...
Property division decisions
One of the most important decisions a Pennsylvania resident who is going through a divorce will make is whether or not to keep the marital home. It may be tempting to take a home that has no mortgage on it, and it may be even more tempting when the alternative is to...
Divorce mortgages may be in the offing
Pennsylvania couples who split following many years of marriage might be interested to know about a proposed lending product called a divorce mortgage. News sources say that these mortgages allow divorcing couples to determine who stays in the home they formerly...
Dividing up a house during a divorce
It's not unusual for Pennsylvania couples getting a divorce to fight over custody of their children. Many couples, however, might also fight over who gets ownership of the house. That's because for many couples, their house is their biggest financial asset. There are...
Divorce and Social Media: Use With Caution
With more and more individuals utilizing technological trends through the use of smartphones, tablets, and other handheld devices, it's no wonder social media has seen such an increase in popularity throughout the years. This popularity is leaching into personal...
A financial planner may help during divorce
People in Berks County who are facing the end of their marriage may benefit from working with a financial planner. Often, people wait until after a divorce, but this can mean making mistakes in the settlement that have long-term financial consequences. Estranged...
Divorcing spouses need to know financial picture
Many Pennsylvania couples know they're likely to need separate legal representation to help them through the process of divorce. Some may not realize, however, that having a financial adviser can be just as beneficial, especially if the couple's financial picture is...
Issues to avoid with dividing retirement assets
In divorce cases in Pennsylvania and around the country in which a spouse has accumulated money in a retirement account or a non-qualified plan, the accounts held are in most cases subject to property division. It is important to understand how to correctly divide...
Tax responsibilities for property transfers in divorce
Divorcing spouses in Pennsylvania often must deal with several complex financial matters when they negotiate a settlement agreement, including property division. Some might need to carefully consider the tax responsibilities that apply to their property settlements...