Property Division During Pennsylvania Divorce
When a marriage ends, all marital property will be divided between the two parties. It is important to understand that the court will divides all marital assets and all marital debts equitably. However, equitable does not mean equal. There are numerous criteria that are considered during the property division.
Whether you have questions about what is considered marital assets or marital debt or do not understand how your property will be divided, it is important to work with experienced Greensburg equitable distribution attorneys who can help ensure the process moves along efficiently. At David K. Lucas & Associates, that is exactly what you will find.
Understanding the Factors of Equitable Distribution
One of the most common questions people have is with regard to what is considered marital property. Marital property is almost any asset that was acquired during the marriage, regardless of whose name is on the title. This means retirement accounts, cars or house deeds that only have one spouse's name will still likely be divided equitably between the two spouses. The factors that influence how property will be divided include:
- Earning capacity of each party
- How the assets were acquired
- Length of the marriage
- Age of both parties
- Prenuptial agreements
- Tax implications
Contact Experienced Delmont Asset Division Attorneys
Although inheritances or gifts given specifically to one spouse are usually exempt from the property division, we can help make sure your rights and property are protected throughout the divorce. Learn more about the steps you can take to help ensure an equitable divorce by contacting us online or by calling 724-216-6433 to schedule your free initial telephone consultation with an experienced lawyer.