Blog: Divorce

3/24/15

The divorce process can entail much more than end of marriage

The decision to divorce may not ever be an easy one to make. It can entail a great deal of gut-checking and even pre-planning before anyone even files. However, once the divorce process begins for Pennsylvania couples, those couples may benefit from learning how a divorce can entail much more than simply ending a marriage. Indeed, there are many ways to go about a peaceful, less stressful and smooth dissolution of a marriage. If there...

3/17/15

Fate of pets may be concern during a divorce

Once a couple decides to pursue the dissolution of a marriage, there are many decisions to make as one household becomes two. The process of dividing property and drafting a custody agreement can be daunting. For Pennsylvania couples who share beloved pets, the process of deciding who will get the pets or how to handle the fate of pets during While pets may be cared for and loved as much a child, they are still regarded...

3/11/15

Thinking long-term about finances when going through a divorce

When a couple is in the midst of a When a couple has to decide what to do with a marital home, the decisions made may be based more on emotion than smart financial planning. Before deciding to pursue ownership of the home or walk away from a property, long-term equity implications should be considered. It should also be considered if keeping the home is something one partner can handle financially when the dust...

2/23/15

Divorce negotiations continue for billionaire couple

The process of dissolving a marriage can be complex for any couple. The Mr. Griffin filed two petitions as a means of disputing his wife’s petition to nullify the prenuptial agreement they signed before marriage. The wife, Anne Dias Griffin, says she was coerced into signing the agreement. Mr. Griffin believes the amount of support his wife claims is necessary to support the three children is more for her benefit rather than the children’s...

1/27/15

Pennsylvania couples need to consider money in divorce

Every couple may face money issues and decisions at one time or another. When that couple is planning to The first thing experts recommend is that each party do a credit check. If left unchecked, shared debts can stay the responsibility of each party and adversely affect one person compared to another. Another vital step is to evaluate life insurance plans. In fact, all insurance policies should be re-evaluated to reflect the split. Retirement...

1/21/15

Planning ahead can ease pain of a Pennsylvania divorce

When to file for One area of concern for most every divorcing couple is debt. Any shared debt with both parties’ names will be shared after a divorce. For anyone concerned with the level of debt in the marriage and possible debt after a divorce, assessing and planning debt management should be done as soon as divorce is a possibility. For a spouse who has stayed home or who has worked part-time, working full-time...

1/13/15

Common tips as most common month for divorce is in full swing

January is known as the month in which there is a significant rise in the number of people seeking to dissolve a marriage. It has been nicknamed “ First, take stock of the reality of the cost of a divorce. It costs money and being prepared for the cost is advised. For those who are budget conscious, there are cost-effective options, such as mediation, to help keep the bottom line manageable. Also, think about finances...

1/6/15

Divorce can affect tax filings for Pennsylvania couples

Many things change during and after a If a couple is in a certain tax bracket and has certain holdings, the status of those holdings and cash flow as a result of the holdings may be altered, as there may certainly be a tax bracket change after divorce. If one spouse suddenly finds himself or herself in a lower tax bracket, he or she may benefit from owing less in long-term gains once taxes are...

12/9/14

Some couples may want to protect privacy during divorce

For couples of a certain stature or those in the public eye, privacy of personal affairs may be of the utmost concern. When a couple becomes entangled in a court case, certain information may go from the private to the public domain. For some Pennsylvania couples, having private information become public during a Court hearings pertaining to divorce are part of public record and, in actuality, any member of the public can attend a divorce hearing and...

11/24/14

Divorce for older couples in Pennsylvania can be complex

Divorce can be disruptive to daily life and future plans at any age. However, when a couple over a certain age decides to One area that makes a divorce more complicated after retirement age is if the couple has already made estate-planning preparations. A divorce can impact finances across the board and make certain estate plans for adult children an issue or obligation that may not currently work. Assets may be redistributed, and one...