Testa & Pagnanelli, LLC
Free Initial Consultation215-392-0863
COVID-19 UPDATE: Testa & Pagnanelli, LLC, IS OPEN FOR BUSINESS. We can meet with you in-office OR virtually via Phone/Zoom/FaceTime.
  1. Home
  2. Blog

Consider the benefits and drawbacks of assets in divorce

When you have gotten accustomed to living at a certain standard, it can be hard to come to terms with the fact that your divorce might mean that you aren't going to be able to keep up with that. People who are going through a high-asset divorce often face this exact thought. If it is left unchecked, it can lead to the person pushing too hard for assets that aren't actually going to benefit them in the future.

We know that you might be in a position where you have to make some difficult decisions. We can work with you to help you find out what options you have for the divorce. In some cases, downsizing and simplifying might be the option that helps you reduce your stress, so think carefully about every aspect of the property division.

One thing that people don't realize is that having a vast asset portfolio might seem like something that would always lead to happiness, but this might not be the case. Some assets come with challenging circumstances. For example, you might not have time to devote to keeping up the rental home, and you may not enjoy the thought of having to collect rent and deal with evictions. In this case, it might be best to let your ex have the rental properties, so you can focus on something else.

As you think about assets, be realistic. Make a sheet that includes the benefits and drawbacks of each so that you can make decisions that are in your best interests. We are here to help you come up with a strategy for your negotiations.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Start Your Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Locations

Philadelphia Office
1500 JFK Blvd, Suite 1020
Philadelphia, PA 19102

Toll Free: 866-201-1112
Phone: 215-392-0863
Philadelphia Law Office Map

Montgomery County Office
325 Swede Street
Suite 201
Norristown, PA 19401

Toll Free: 866-201-1112
Phone: 610-239-1000
Norristown Law Office Map

Radnor Office
150 N. Radnor Chester Road, Suite F-200
Radnor, PA 19087

Toll Free: 866-201-1112
Phone: 215-392-0863
Radnor Law Office Map