Our attorney will provide essential legal guidance for property division during divorce proceedings, helping you navigate the complexities of dividing assets and debts fairly and equitably.
Property division involves the distribution of marital property, which can include real estate, bank accounts, retirement funds, business interests, and personal assets like vehicles and valuables. VMG Family Law will ensure your rights are protected by accurately identifying marital and separate property, assessing the value of assets, and advocating for a fair distribution based on factors such as the length of the marriage, the financial contributions of each spouse, and any other relevant circumstances.
The state of Pennsylvania follows equitable distribution laws for property division in divorce cases, not community property laws. Under equitable distribution, marital property is divided fairly, but not necessarily equally, between spouses. The court considers various factors to determine what is fair, including the length of the marriage, the contributions of each spouse (both financial and non-financial), the economic circumstances of each spouse, and other relevant factors.
Pennsylvania law distinguishes between marital property (property acquired during the marriage) and separate property (property acquired before the marriage or through inheritance or gifts). Only marital property is subject to equitable distribution. The goal is to reach a fair and just division of property, even if the split isn't exactly 50/50.
We will guide you through the legal process, negotiate settlements, and represent you in court. Our expertise is also in addressing complex issues such as the division of business assets, pensions, or high-net-worth estates, ensuring a fair resolution that reflects your interests and future financial stability.
Contact us today for a complimentary consultation.
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