Testa & Pagnanelli, LLC
Free Initial Consultation215-392-0863
  1. Home
  2. Blog

Posts tagged "High Asset Divorce"

When you and your divorcing spouse operate a business together

Many small businesses are also family businesses, owned by a couple who shared the same dream and tried to make it a reality. Regardless of how the business does, things can become very complicated if the marriage between the owner breaks down. Suddenly you have two business partners who are ending a very personal relationship and trying to decide what that means for them professionally.

How is your spouse hiding money?

With divorce looming, your spouse may have started stashing money aside, trying to hide it and keep it out of the divorce. While people are legally required to disclose all of their assets, many try to hide those assets if they fear that the other party is going to get 50 percent in court.

Understanding the mistakes people make in a high-asset divorce

In a divorce, when there is more to gain, there is also more to lose. This is why going through a high-asset divorce can be particularly stressful. High-asset divorces make it more likely that spouses will become ruthless and sneaky in terms of the strategies that they play against each other.

Understanding equitable distribution law in Pennsylvania

In the United States, the law differs significantly from state to state on the law in regard to the division of marital assets. In Pennsylvania, equitable distribution law is recognized. This means that all property within the marriage is separate. Therefore the assets should be generally divided to in a fair way that recognizes the contribution of each spouse in the marriage.

Dividing retirement accounts in a Pennsylvania divorce

If you are a divorcing couple and you are reaching retirement age, retirement accounts could be some of the most valuable assets that you have. Therefore, before you take action in filing for a divorce, it is a good idea to take the time to understand how the law works in the state of Pennsylvania when it comes to dividing assets such as retirement accounts.

Is hiding assets during a divorce legal?

If you are contemplating divorce or starting the process of going through a divorce, it may have occurred to you that there is a lot at stake when it comes to dividing assets. Generally, the more assets that a household has, the more complicated it is to successfully and fairly divide them during a divorce. This is because there is more to lose, and high asset couples tend to be more lucrative in terms of wanting to get a successful outcome for themselves.

Explaining how retirement assets are handled during divorce

Going through a divorce in Philadelphia is never easy. Even if you are going through your second or third divorce, it can still be difficult to handle. You need to make informed, smart decisions during the entire process. That includes figuring out how your retirement assets are divided between you and your soon-to-be ex. The best way to protect your rights is through a Qualified Domestic Relations Order (QDRO).

Divorcing as business partners

It is more common than ever for married couples to also be partners in business. This can be great when things are going well, enabling you to form a strong and united front. However, it can also mean that when the marital relationship is suffering, the business takes a hit as well.

Email Us For A Response

Start Your Free Consultation

Bold labels are required.

Contact Information
disclaimer.

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.

close

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
30 West Airy Street
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