Division of property can be one of the most complex issues associated with divorce. Pennsylvania is an equitable distribution state. Equitable distribution of property in divorce does not necessarily mean the assets will be divided equally, but that the court will divide the assets fairly, or equitably, given the circumstances of your case. If you are the party who may receive less than half of the division of property, this can be a tough pill to swallow.
To obtain a fair outcome in your divorce, it is crucial to be certain that your property is identified and valued correctly. If you relied on your spouse to handle the finances throughout the marriage, you may be concerned about how to determine what your assets are during the property division in your divorce. If you own a business, you probably have concerns about how your business will be accurately valued. Does the value of your pension include credit for service that predates your marriage? Failure to accurately value and divide pension benefits can cost you thousands at retirement, and it is a commonly misunderstood area of property division laws for inexperienced divorce attorneys. Valuing certain assets may require expert assistance. And not all experts are equal. It is critical for your divorce attorney to know how to obtain reliable information, and to know how to challenge an expert opinion that is not reliable. At Staley O’Gorman Family Law Practice, we know what questions to ask and how to get the information you need to get your best outcome.
To learn more about property division or any other family law topic, contact us.