Blog: Divorce

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...

11/17/14

Divorce can complicate the holidays for parents and children

The holiday season can present a wide range of logistical problems for any family. When a One vital tip is to start the holiday plan by referring to the original paperwork and parenting plan. This can provide clear starting guidelines and adjustments can be mutually made from there. One other vital tip is to have a clear plan in place long before it is needed. Arranging details in advance can prevent last minute confusion...

11/11/14

Once fate of house is decided in divorce, complications can arise

Once a couple decides to split, there are many decisions that need to be made. For many couples in Pennsylvania, custody issues may be the most contentious and personal to arise during a When one spouse decides to keep the house, that spouse often needs to refinance the loan in order to relieve the other from the burden of the mortgage. Refinancing, due to loan restrictions, can be difficult. The transition from a two-income family...

11/4/14

Retirement and taxes change after Pennsylvania divorce

When a Retirement plans can be greatly impacted by divorce. One spouse may not have any retirement savings in his or her name because the other spouse was the main wage earner in the household . In situations in which one spouse was dependent upon the other, when a split occurs, retirement plans may also need to be split. This division of retirement savings can mean one party may have to extend the number of years he or...

10/22/14

Pennsylvania women may need financial advice as part of divorce

There are many lifestyle, emotional and physical changes that come about when a couple goes from being married to being It is estimated that the income for a woman can drop by 37 percent right after a divorce. Also, women tend to earn less than men to begin with, on average. Because of this fact, women may have a smaller amount saved in retirement accounts — roughly 60 percent less. Some advice for women...

10/8/14

During divorce, don’t rely too heavily on friends, family

Pennsylvania spouses who are ending their marriage often find the process to be more challenging than they anticipated. Even when both parties are in agreement that The obvious outlet for many are the friends and family who have offered their support. Having this type of network in place is an essential part of moving through with relative ease. However, it is possible to ask too much of those closest to us. In the end,...

10/2/14

Equitable distribution of property complex with high valued art

When a couple decides to When a couple who collects art decides to split, it may be necessary to create a detailed list of the art in question. The price the artwork was sold for should also be documented. Noting when the art was actually purchased is also a vital piece of information when trying to determine who owns the art or if it is indeed marital property. The value of art can fluctuate...

9/22/14

Pennsylvania divorce can entail more than expected

For many people, the decision to dissolve a marriage may be the hardest thing they have ever considered. However, even after that decision is reached, there may be even more complicated or unexpected decisions to consider. Anyone in Pennsylvania who is considering a Some of the issues that an experienced divorce attorney may have to help a person tackle can revolve around child custody and child support. Each family is unique and may require...