Protecting Your Property Rights In Divorce
There are always numerous questions about who gets the personal property, real property and financial assets in a divorce. It’s understandable. People are often misinformed by well-meaning friends and relatives. To learn how the law applies to your specific circumstances, you should speak with a lawyer as early in the process as possible.
Our experienced divorce attorneys at Silverman, Tokarsky & Forman, L.L.C, understand your concerns. You can rely on our extensive knowledge of divorce and family law. When we meet with you, we will thoroughly discuss your marital assets and make sure you know how the court will likely see them. We will also discuss the risks and benefits of negotiating a property settlement versus going to trial.
Important Points To Consider In Property Division
In Pennsylvania, the court strives for an equitable division of the marital estate. It is important to understand that “equitable” means “fair.” Many people assume an equitable division is an equal 50-50 split. However, this is not always how it works. We can explain how the law is likely to apply to your marital estate.
The division of marital property often includes things such as:
- Bank accounts and other investments
- Retirement assets and pension plans
- Perks/fringe benefits
- Homes, vacation homes and other real property
- Home electronics
- Valuable personal property, such as art and jewelry
Additionally, marital debts are subject to division. Debts may include taxes, credit cards, medical debt, loans and mortgages. It is also important to ensure that debts are divided fairly so you do not end up owing money for more than your share of the marital debts.