Dividing Assets And Debts During Your Pennsylvania Divorce
The attorneys at Purdy Law Office, LLC, understand the importance of a fair division of marital property in a divorce. In Pennsylvania, we refer to the division of your marital assets and debts as equitable distribution, which means that the division should be fair, but not necessarily equal.
Courts determine what is fair and equitable by considering a series of relevant factors, including the ability of each spouse to earn income in the future, whether there are minor children, the debts each party owes and what each party sacrificed for the other spouse through the course of the marriage. At Purdy Law Office, LLC, in the Lemoyne area, we understand how to advocate for a fair distribution of property during your divorce process.
Helping You Understand Your Property Division Options
Property division is complex. While marital property generally refers to any value, positive or negative, that you and your spouse acquire during the marriage, there are a number of exceptions to this rule. As a result, it is best not to concede your rights to any asset or agree to any division of property without understanding your rights and reviewing your options with an experienced divorce attorney.
Our lawyers understand the intricacies of asset division and the long-term effects that a distribution can have on your financial security. To ensure we are effectuating a fair and appropriate distribution, our firm will utilize various experts and resources to assist with an accurate accounting and valuation of all your marital assets. Our use of these resources and extensive experience in this area often results in the discovery of hidden assets or misuse of marital money.
High-Asset Divorces Require Experienced Help
Our attorneys have worked with estates of all sizes in property division matters, and we understand how important experience is when dealing with high-value estates. This is particularly true when a spouse owns a large business or has control of the majority of the marital assets.
Our attorneys will provide the guidance needed to minimize your transition post-separation and divorce and the consequences that asset division can have on your future. In order to do this, we are ready to take on issues related to the division of stocks, IRAs, pensions, 401(k)s, business interests and other valuable assets.