Many married couples separate with intentions to file for divorce, and it might be important for them to come to an agreement for how they plan to divide their assets. The attorneys for each party will write out the agreement for the divorcing spouses to sign after the negotiations are complete. It is a contract between the parties that the court could enforce in the same way as a court order.
When people divorce in Pennsylvania, a part of the divorce settlement will include a division of property acquired during the marriage. Most couples jointly own a home, while some own several pieces of real estate. If a home was jointly purchased during the marriage, the spouses are considered to be "tenants in the entirety" of the property sharing equal rights in it.
Pennsylvania couples may be interested in an article describing what should be done during a divorce if they own a home togehter. Refinancing, selling and filing a quitclaim deed are just some of the ways to smooth this transition.
Celebrity couple Melanie Griffith and Antonio Banderas are in the process of the divorcing. Although the couple has one child together, a daughter, she is not the primary focus of a looming custody battle. It's the estranged pair's three dogs are at the forefront of the dispute.
If you're preparing for divorce, have you considered the full scope of marital assets to be divided between you and your spouse? For those with significant assets, property division may involve stock options, retirement accounts, mortgages, collectible items, investment accounts, business assets -- the list goes on. In Pennsylvania, marital assets and debts are divided according to what is fair or equitable, though "equitable" may not be "equal."
Even though we see and hear of marriages ending with fights, court battles and divorces that ruin any chance of former spouses ever getting along again, there are other ways to end a marriage. While mediation and collaborative law are not right for every couple, when they are appropriate, they can often lead to better divorce settlements, a more cordial post-divorce relationship with an ex. Talking with a divorce attorney may be one of the best ways to determine if mediation would work well.
Though many people in Philadelphia recognize that creating a custody arrangement between divorcing parents may be an extremely difficult part of separating, so is property division. It is how a marital estate is divided that could have a strong impact on either spouse's financial future.
Though many men and women in Bensalem likely aren't thinking about work when their marriages are falling apart, their employers might be thinking about them and their divorce. Though it may seem obvious that an employer's productivity would suffer during a divorce, many people may not realize just how much. The stress of divorce can be enough to reduce an employee's productivity by an average of 40 percent, but it is not just the person going through a divorce whose productivity is affected. Rather, more than 70 percent of employees may be operating at less-than-full productivity because of someone else's divorce.