Property division during a divorce is something that you have to take seriously, especially if you have high-value assets. Understanding the property division laws that are on the books in Pennsylvania is one thing that you can do before you embark on the process that can help you make a plan.
We understand that you have specific concerns about the process. We are here to help you evaluate the options that you have that might help you meet your goals. Of course, it might not be possible to have everything that you want at the end of the process, but we will work to get you as much as possible to get as close as possible.
One thing that you need to remember when you are going through this process is that you need to think about the value of the assets included in the process and not the worth of them. The value takes the future of the asset into account instead of looking at what you could get for the asset today.
Some property, such as the marital home, might have claims against them. In the case of the home, there might be a mortgage that has to be considered. This plays a part in what the value of the asset is, so be sure that you think about this when you are trying to figure out who is going to get what.
You can’t neglect the debts that are part of the marriage. These also have to be handled because they aren’t going to just go away due to the divorce. Debts can balance out the assets as you divide them so be sure to use them accordingly. We can help you determine how different divisions might benefit or harm your financial future.