Knowledgeable Lawyers Help You Divide Shared Property Fairly
Looking out for the best interests of our clients in Chester County, Delaware County and Montgomery County, PA
If you are going through a divorce, you are probably wondering what will happen to your property and assets. A skilled lawyer can help you and your spouse create a settlement agreement to determine how your property should be divided. However, if you cannot agree on the division of your property and assets, the court must assist you. The experienced and highly qualified lawyers at the Paoli, PA law firm of Platt, DiGiorgio & DiFabio have been handling complex Pennsylvania divorce cases since 1983. Our asset protection attorneys have a deep understanding of all aspects of divorce — from child custody to asset and property division. Contact us today to learn more about how we can serve you.
Properties subject to equitable distribution
Equitable distribution means your property and assets are divided between you and your spouse in a manner just and fair, but not necessarily equal. According to the Pennsylvania Divorce Code, all marital property is subject to equitable distribution. Any property acquired from the date of your marriage to the date of your separation is considered marital.
Types of properties and assets exempt from equitable distribution include:
- Pre-marital property
- Property excluded through a prenuptial agreement
- Any property acquired after your separation
- Gifts and inheritances received during your marriage
After identifying your marital properties and assets, the court evaluates them and begins the distribution process. The court considers the income of each spouse, their custodial responsibilities and their ability to rebuild their lives when determining how marital property should be divided.
The importance of hiring an attorney
Since signing a property settlement agreement can have serious tax consequences, always consult with an attorney first. Our Paoli family lawyers can assist you by reviewing your case and identifying what the court considers marital property and assets. In addition, if you have a piece of property separate from the marriage, we can help you prove this by employing expert witnesses.
Contact our skilled marital distribution lawyers in PA
Equitable distribution involves a complicated process of classification and evaluation. At Platt, DiGiorgio & DiFabio, our experienced divorce attorneys can help you understand the law in an easily accessible manner. To speak to one of our trusted lawyers, call us at 267-388-1599 or contact us online.