Financial disclosures are an important part of the divorce process. Spouses have to provide information to one another about their assets to ensure that they reach a reasonable conclusion to their negotiations. If they cannot agree on terms, then the disclosures they...
Divorce
Does a non-filing spouse have to agree with a decision to divorce?
People considering divorce often have many questions about the process. They aren't sure of how the courts handle different types of disputes or what they can expect when they file paperwork. In some cases, they may even feel uncertain about whether or not they...
Emotions can run the gamut during divorce
A decision to divorce is one that’s often a relief because of the contentious situations that led to the end of the marriage. Some may believe that the sense of relief is the primary emotion they’ll experience throughout the process, but that’s not necessarily going...
Can you move after you get divorced?
Getting divorced can be a major turning point in your life. You may seek to make other changes at the same time. For instance, perhaps you have always dreamed of living overseas or in a different state. If you and your spouse did not have any children, then moving is...
Setting expectations for property division during divorce
Dividing property during a divorce can be one of the most complex aspects of the legal side of this process. In Pennsylvania, property division matters that cannot be resolved without judicial intervention are sorted out according to the state’s equitable distribution...
4 factors contributing to the upsurge in gray divorce
Gray divorce refers to the dissolution of marriages that occur when individuals over the age of 50 decide to part ways, often after decades of marriage. In recent years, the rates of gray divorce have increased, with factors unique to older couples contributing to the...
Who pays off marital credit cards when spouses divorce?
People preparing for divorce often have a lot of questions about the process. They aren't sure what rules apply or what to expect if they take different issues to court. Frequently, uncertainty about economic or financial matters can make people feel relatively...
Is the division of a 401(k) inevitable in an upcoming divorce?
People preparing for divorce have unique goals for the future. Some people want to protect a professional practice that they've built up during the marriage. Goals related to specific marital assets are relatively common. Those who have established retirement savings...
What happens to the marital home during a divorce?
For many couples, the family home is the largest financial asset that they’ll have to address during their divorce. It’s also an asset that comes with considerable emotional ties. Both of those factors can make it difficult to determine what should happen with the...
3 options for a jointly owned home in a divorce
Many couples seek to buy a home together once they are married. It helps cement their relationship and provides a base for the life they wish to build together. If the marriage does not last, that jointly-owned home can become a point of contention. There are several...