Many Pennsylvania residents may be made uneasy when the topic of marital assets arises. Think about such matters can make people anxious and uncertain. However, there are many steps a couple can take to secure marital assets, whether that couple is in the process of getting divorced or is about to be married. Taking these steps can help to pave the way for a smooth marriage or divorce.
Perhaps the most foolproof option to consider is a prenuptial or postnuptial agreement. It may be too late to sign such a document for couples already divorcing. For those who are not yet married, however, a prenuptial agreement is a possibility. Those who are already married may wish to consider a postnuptial agreement. Prenuptial and postnuptial agreements allow couples to define the terms of divorce matters such as property division so that they can rest easy knowing that everything will go according to plan.
These agreements are not helpful for those in the process of divorcing, however. For those already divorcing, creating a thorough inventory of every marital asset can prove immensely helpful. One important distinction to make clear is which assets are part of the marital estate and which assets are independently owned. Specifying whether these assets were acquired before or after the marriage can also be an important step.
Property division is rarely a simple process. Ownership of marital properties cannot always be easily defined. There are many intricacies involved in property division that often take an expert to truly understand. Divorce attorneys are available with expertise in these matters. With legal guidance, couples can prepare for the proceedings in the best way possible.
Source: FindLaw, "Managing Marital Property: Do's and Don'ts," Accessed on Oct. 5, 2015