Who Gets the House in a Divorce?
Property division is one of the most important matters you’ll deal with in your divorce. Among the many kinds of property and assets you may have to split with your spouse, deciding what to do with your marital home can be a point of contention, depending on the situation. Your...
Read MoreWhat are the options for dividing a family home during divorce?
Figuring out what to do with the family home during divorce can be daunting. For that reason, divorcing couples should be familiar with the options available to them through the property division process. Here are some options for dividing a home during divorce. Sell the home and divide the proceeds...
Read MoreNavigating the financial factors of divorce
Money is a major factor in your life like other individuals in Pennsylvania. You and your spouse have spent years saving to purchase the perfect family home, to have a family and to create a retirement plan that will allow the two of you to retire by a certain age...
Read MoreKeep an eye on your finances during the divorce process
Divorce is never easy, but it is a time where it is important to keep an eye on your finances. This may not be the first thing you think about when your marriage is crumbling, but it is a move that can help you as you work through the divorce...
Read More401K accounts and property division settlements
From joint debts to family homes to hard-earned retirement savings, the range of things that a couple must figure out how to address when getting a divorce seems to have no end. Even though a 401K account is held in one spouse’s name only, it may well be identified as...
Read MoreMinimizing the impact of 401(k) division during divorce
Past posts on this blog detailed the potential long-term financial impact divorce can have on one’s life (including their retirement plans). Indeed, many people often feel blindsided when they enter into the property division portion of their divorce proceedings and discover that their 401(k) accounts are subject to division (or,...
Read MoreSelecting a real estate agent in a divorce
With divorce comes a change in your living arrangements, as you move from married life to life as a single individual. When a couple in Pennsylvania divorces, sometimes they decide to sell their family home and split the proceeds. Other times, one spouse will move out of their marital residence...
Read MoreFollow the money in divorce
Ending a marriage can upset many parts of your life, especially your finances. You should take several precautions from when you seriously begin to think about divorce until after the decree is issued to protect your finances and your rights. First, document any conversations you have about divorce. Change all...
Read MoreAssessing your finances before choosing to divorce
Before asking for a divorce, the spouse thinking of divorce must decide if that is truly what they want, from both an emotional and financial perspective. While the emotional side of whether or not to ask for a divorce is nebulous, the financial perspective can be more objective. Further, assessing...
Read MoreHow to protect a retirement account in divorce
For the past 20 years, divorce rates for people over age 50 have steadily risen. Citing financial management reasons, addiction, infidelity, and more, “grey divorce” can cause seniors no small amount of stress. An older spouse considering divorce likely has many questions about the legal consequences of their divorce. Splitting...
Read MoreHow divorce may impact your long-term financial plans
Divorce has a way of affecting all areas of life. When it comes to your finances, such topics like property division and alimony may have you confused and wondering how your future will look after the dust settles. Here is some information, as well as a few tips, you may...
Read MoreFinancial infidelity can cause problems in marriage and divorce
No matter how you manage your money during your marriage, committing financial infidelity could create some problems. Financial infidelity refers to the act of keeping money from your partner. And according to a recent survey, 57 percent of millennials, 37 percent of Gen Xers and 28 percent of baby boomers...
Read MoreComplex compensation can make property division messy
Divorce even between two salaried, nine-to-five employees can be hard to agree on and delicate to calculate. When one or both have complicated compensation packages and intimate entanglements with a business’s assets, breaking up can truly be hard to do. Sometimes it is wise and possible to time divorces and...
Read MoreWhat to consider about life insurance as part of your divorce
Even if you don’t have insurance now, it may be something you should consider getting ordered as part of your divorce, especially if you have children. If one spouse will be paying support, a life insurance policy could guarantee that the support continues even if that spouse were to die....
Read More