In a divorce, one household becomes two, and all of the marital assets and property must be divided between the divorcing spouses. Pennsylvania is an equitable distribution state, meaning property is divided in a manner the court finds fair and just. However, a number of factors are taken into account which typically result in an equitable, but not equal, split. Factors include:
- The age of the spouses
- The length of the marriage
- Difference in income
- The health of the parties
- The separate assets owned by each party
To ensure you obtain your fair share of the marital property, it is important to have an experienced property division lawyer on your side. At the Law Office of Smith & Horwitz, our attorneys are exclusively focused on family law and can guide you through all of the legal details of the division of martial assets.
Let us help you. Contact us today online or by telephone at 215-545-2880 or toll free at 800-854-8065 to arrange a consultation with one of our experienced Philadelphia property division lawyers.
Property Division in Pennsylvania
Pennsylvania property division law distinguishes between marital and separate property.
- Marital property: Includes all earnings acquired during the marriage and all property obtained with those earnings. Also includes marital debt.
- Separate property: Assets acquired prior to marriage. Gifts and inheritances granted to only one spouse. Property purchased with separate funds.
Generally, if separate property gains value during the course of the marriage, the increased value can be considered marital property.
Determining what is marital property and what is separate property can be a complex process. Our attorneys consult with leading experts in forensic accounting, business valuation, pension valuation and other fields who help us identify and value assets in a divorce.
Contact a Philadelphia County Marital Asset Division Lawyer
Serving All of Philadelphia and the Surrounding Five County Area
If you face a family law issue and are seeking experienced legal guidance, we are here for you. Contact us today online or by telephone at 215-545-2880 or toll free at 800-854-8065 to arrange a consultation with one of our knowledgeable Philadelphia property division lawyers. We serve clients in Philadelphia and throughout the five-county area, including Bucks, Chester, Delaware and Montgomery Counties.
