Your divorce settlement can have lasting implications for your financial future. A fair division of marital property can give you the security to move on with your life.
At Miller, Kistler & Campbell, we help clients protect their interests and their families during divorce. Our attorneys recognize the need to ensure your emotional and financial well-being after your divorce is completed, and we can use our experience to provide professional advice on financial matters that may impact how you choose to resolve divorce proceedings.
How is Property Divided in Pennsylvania?
During a marriage, a couple acquires many different types of assets. Generally, any property acquired by either spouse during the marriage is considered marital property. Examples of property that may be subject to division include:
- Real estate property
- Business interest or stock options
- Bank accounts
- Retirement plans
- Intellectual property
Pennsylvania is an “equitable distribution” state, which means that all marital property is divided equitably in divorce. It is important to note that equitable does not always mean equal. Some assets cannot be equally divided — a house, for example — so the court may redistribute property between spouses to ensure that both partners receive a fair share of assets.
Because there is flexibility in the division of assets, it is vital that your divorce lawyer understand complex financial issues like business valuation and taxation. Our legal team has decades of experience resolving these issues for clients of all means.