Marital property in PA includes any assets or debts acquired during the marriage regardless of whose name they are under. This may include the house and household items, the family business, stock options and retirement benefits as well as loans and credit card debt.
The marital home is precious. It holds family memories and is likely your biggest financial asset. That’s why we carefully help you weigh the pros and cons of whether to sell the home, negotiate a buyout, or continue to co-own – plus offer guidance on how to do it as smoothly as possible.
We’ll present factors for you both to consider in deciding what to do with the marital home, including:
Most unsettling and complicated in your long-term financial picture is retirement, especially when assets are not transferrable or investments are co-owned.
We break things down into simple terms so everyone understands and feels comfortable talking about finances:
Owning a business presents its own set of unique challenges during divorce. Our mediators help you work through everything from day-to-day operations to developing short and long-range exit plans.
We’ll help you make the best decisions for the business:
While spouses often find ways to split items like furniture and cars on their own, there are usually one or two pieces that hold special value. Mediation can help avoid dragging out emotional attachments to come to settlement.
Be aware that how you divide property could affect how much tax you owe. In our mediation, we offer general tax information for you to consider in your negotiations. We also use special software to run calculations, per your request.
Paying off debt is a very sensitive topic that can easily get heated.Yet how you handle debt in divorce is critical. We work hard to ensure your ability to qualify for and maintain good credit after divorce.