When a couple is going through a divorce, the time comes when everything must be divided. Decisions are made as to who gets custody of the children, the guidelines of visitation rights, and how the property and other assets will be divided up. This article will focus on the equitable distribution of the property in divorces in Pennsylvania. A property distribution attorney in Bethlehem, PA helps clients going through a divorce to get their equitable share of the assets. However, equitable does not always mean equal. Here is more in-depth information about property division in Pennsylvania.
Pennsylvania addresses the division of property in two ways: separate property and marital property. Separate property would include things like property obtained before the marriage. It also includes property that was excluded in a prenuptial agreement or post-nuptial agreement, gifts and inheritances that were given to one spouse even in the marriage, and property that is gained after the couple separates. Marital property is property that is owned by the couple. For example, if the couple purchased a home together, that would fall under marital property.
When it comes to making an equitable division of the property, it may turn out that some properties are both marital and separate. An IRA could have been started before the marriage, but continued to grow in the marriage. How this would be divided up can be tricky if the attorneys in the case are not careful. The part of the IRA that accrued interest before the marriage needs to be separate from that which occurred during the marriage. The couple must keep in mind that all debt in the relationship will be divided equitably as well.
Attorney Erik Conrad has been providing legal solutions for clients in the Bethlehem, Pennsylvania area for more than 23 years. The attorney practices divorce law and helps clients come to a reasonable solution to their divorce issues. The attorney also practices other aspects of family law, such as child custody, domestic violence and alimony. If a client is in need of a property distribution attorney in Bethlehem, PA, they can visit the website his website at www.conradattorneys.com.