Pennsylvania is an equitable distribution state, which means that marital property must be divided fairly and equitably, but not necessarily equally. The equitable distribution lawyers of Testa & Pagnanelli, LLC, in Montgomery County, have more than a decade of combined experience helping individuals sort through their debts and assets, and divide them fairly. We assist clients in the Philadelphia area as well as Bucks County and Delaware County.
Marital Assets Vs. Separate Assets
In general, any asset acquired (or value accrued) during your marriage is considered a marital asset. Anything you had before you were married is considered separate property. Of course, there are some exceptions. For example, if separate property increased in value during the marriage, the increase may be considered marital property.
Especially in a high-asset divorce, property division can quickly become very complex. Attorneys E. John Pagnanelli and Maria N. Testa know Pennsylvania laws and how to equitably divide assets. We will aggressively pursue a resolution that matches your needs.
Dividing Assets Equitably
Equitable means fair, not a 50-50 split, and there are numerous factors that go into creating a fair property division settlement, including:
- The non-marital assets of each spouse
- The length of the marriage
- Child custody arrangements
- The contributions of each spouse to the marriage
- The income of each spouse
- The age and health of each spouse
- The earning capacity of each spouse
Along with each of these factors and many others, your long-term goals will be paramount in our negotiations. We will help guide you through the process, striving for a settlement that will leave you in a good place as you transition into the next stage in your life.
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