Since the Property/Marital Settlement Agreement is final and binding, all terms should be considered and negotiated carefully by an experienced attorney. When you need an attorney to represent you with your legal matters, contact the Law Offices of Michael Kuldiner, P. in order to obtain the best results possible in each case. A judge will finalize your divorce and issue an order with the details governing the split. Contact a Trustworthy Bucks County Divorce Attorney for a Complimentary Case Review. Property Settlement Agreement - Bucks County Divorce. As a result of our long-standing reputation, our firm has access to a unique network of the most highly-qualified business valuation and forensic accounting specialists. All rights reserved. Our Main Line divorce lawyers have represented hundreds of Bucks County family law clients.
Contested versus Uncontested Divorces. The information you have the right to receive, and the information you have the obligation to produce, would include telling each other about all of your bank accounts, real estate, collectible items, retirement accounts, employment benefits, gifts or inheritances from friends and family members, rights to receive money from trusts, etc. Avoiding litigation over property division, spousal support and alimony in the event of divorce. The formal process for equitable distribution begins with both spouses, through their Bucks County Divorce Attorneys, filing a formal inventory of their assets and debts and exchanging documents relating to income, assets and debts. Bucks county pa real estate attorney. Typically, only the increased value would be divided, not the actual ownership of the business. When two parents are going through a divorce or they simply do not reside together, they will usually need to address child custody either by coming to an agreement between them or by asking the court to make a decision regarding child custody. Alimony is often viewed as a secondary remedy. Call Sadek & Cooper Law Offices today at (215) 814-0395 to discuss how we can help you in a confidential divorce consultation. There is also a third category of property, known as commingled property, that could either be retained by a spouse or split between a couple during a Pennsylvania divorce. If you reach an agreement at the Masters Hearing, that agreement will be read to a Court Reporter, who will record the agreement as a Court Transcript. Equitable distribution means fair, not equal, so it does not mean an even 50/50 split.
But if you believe your marriage is worth saving, we encourage you to take every step to keep it together. However, with limited exceptions, on the eventual sale of transferred property, the recipient pays taxes on the difference between the cost basis and the net proceeds of the sale. Our attorneys have extensive knowledge of the court system and various financial matters critical to obtaining an equitable and balanced distribution of marital assets and liabilities. Equitable Distribution. You and your spouse can come to an agreement about what matters most to each of you and divide those things fairly. However, after reconciliation efforts, the marriage relationship restores and grows more robust in the years ahead. It is the quickest way to dissolve a marriage.
If you are unsure about the tax consequences of any aspect of your case, you should not hesitate to seek the opinion of a divorce lawyer or your accountant, or your tax advisor. Cooperation and transparency are key to achieving a desirable outcome. However, there could be unique factors that could come up in your case. 00 on the day of the marriage. The payor-spouse becomes obligated to make the support payments through the Pennsylvania State Collections and Disbursements Unit (PA SCDU) in Harrisburg, PA. Elissa C. Goldberg is a strong proponent of mediation and collaborative divorce methods, which give you more control over the outcome than if you litigate. That brings impressive legal skills to the table to help you pursue the outcome you deserve. If exceptions are filed, the recommendation will become a temporary order, and will remain in effect until the Judge gives a final order. Liebmann Family Law - Prenuptial Attorney In Newtown PA. For example, if one spouse gets primary physical custody of the children, they may need the home to keep the children within the same school district. I Stayed Home for Most of My Marriage.
As with support for a spouse, the court enters its decision in the form of an order. The attorneys at Cooley & Handy are well-prepared to discuss all of the details of your specific matter and to provide you with advice and guidance along the way. EQUITABLE DIVISION V. COMMON LAW. Additionally, non-marital property includes assets specifically excluded by a prenuptial or postnuptial agreement. If you have questions regarding Pennsylvania divorce and separation, contact Ashby Law Offices, LLC at 215-536-7606 or through our convenient online contact form. Bucks county asset division attorney office. For instance, the counselor need only report to the court whether the parties attend the sessions in the required period. A negotiated alimony arrangement involves a contractual commitment providing predictability but often no modification in many cases.
Furthermore, marital misconduct or fault is not taken into consideration during the equitable distribution process. Retirement assets and other investments. What are the advantages and disadvantages of bifurcation from a divorce guidance standpoint? However, counselors may not report to the court the substance of the discussions at the sessions. Family Law Attorney. Identifying Separate and Marital Property. Consequently, the payor-parent is obligated to make child support payments through the Pennsylvania State Collections and Disbursement Unit (SCDU) or a wage attachment issues.
That law applies when the parties have been separated for two years providing the final separation relates to marriage difficulties. In addition to telling the other party about these assets, and learning from the other party that these assets exits, you also have the right to receive all of the documentation that would prove the asset's value, like bank statements, valuation reports, trust documents, wills, etc. If you owned it before marriage, it would be considered premarital or separate, property. At our firm we have helped hundreds of couples through the arduous process of equitable property division.
The difference is that a postnuptial agreement occurs after you're already More. The experienced attorneys at Cooley & Handy draw on years of experience to advise you about your rights and obligations during the discovery process, and will help you complete the discovery process in a cost-mindful way. Essentially, shared custody embodies two principles: physical custody (physical control over the residence with the child) and legal custody (power to make decisions concerning the child's education, medical care, religious training, etc. We know that you want to protect your assets and your financial future. Prior to the hearing being scheduled, you and your attorney will prepare a summary document telling the Court all of the relevant information about you, your spouse, your children, your respective incomes, and your assets.
Debts, such as credit cards and personal loans, are also divided between spouses upon divorce. Aside from child custody and support issues, the distribution of marital property — which includes both marital assets and marital debts — can be one of the most controversial issues in a divorce matter. Parties who believe that professional divorce guidance may help solve their marital problems or cope with the divorce have the opportunity to request that the court order counseling. We can help you to protect what is yours. © 2016 by Velter Yurovsky Zoftis Sokolson, LLC. 00 at the time of separation, then upon the parties' separation, the entire $150, 000. Stock options and portfolios. High Swartz local divorce lawyers work extensively with a variety of appraisers. Your relationship with your family or divorce lawyer. Can I change the locks on our house if we are separated? Some property, like bank accounts and stocks can be easily valued simply by looking at the statements issued by the institutions for the relevant date.
In addition, it provides for equitable property distribution (assets and liabilities) acquired by either or both of the parties during the marriage, with certain exceptions. For example, one appraiser might value the marital home. This option means that you have decided to end the marriage as a mutual decision with no one person taking the blame for the relationship's demise. Many counties require the matter to first proceed to a court appointed master who will issue informal and if necessary, formal recommendations.
I Owned a Business Before My Marriage. Our divorce attorneys are here to provide comprehensive, dedicated support, which means answering your questions, representing you at hearings, handling your legal documentation, fighting to protect your best interests, and counseling you with clear and honest information about your rights, responsibilities, and the potential outcomes of various actions. Even though Pennsylvania laws regarding legal separation are elusive, a Separation Agreement can be drafted that includes the terms of a durable arrangement, including concerns such as child custody, visitation, support, division of financial responsibility and real estate and/or property division. Changing Locks on Marital Residence. A Law Firm You Can Trust in Family Law Matters.
We can also bring in experts to evaluate cash businesses in which there are few written records. This philosophy can help you move along to the next chapter of your life thoughtfully and efficiently. Under the "mutual consent" no-fault ground, you may obtain a divorce after a ninety-day waiting period following the service of the divorce. Before July 1980, Pennsylvania was unique in that it was the only state in the country that retained a fault system of divorce. Instead, it seeks to give our clients general guidance and give available answers to frequently asked questions about divorce.
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