By Jeffrey R. Lalama | Published November 15, 2020 | Posted in Divorce | Tagged Tags: discovery, diversified holdings, evaluation of assets and income, high-net-worth divorce, marital funds | Comments Off on High-Net-Worth Couples in Pennsylvania Face Special Issues During Divorce
High-Net-Worth Couples in Pennsylvania Face Special Issues During Divorce
Whether you and your spouse entered marriage with substantial assets or significantly increased your wealth during the marriage, a high-net-worth divorce in Pennsylvania can involve special considerations that require careful attention. While any divorce involving more than $1 million in assets can be considered high-net-worth, the term is mostly used to describe complex property portfolios Read More
Read MoreCOVID-19 and Child Support: An Overview for Pennsylvania Parents
The COVID-19 pandemic has caused economic devastation for families throughout Pennsylvania. Amid one of the highest unemployment rates in the nation, many families have been forced to make gut-wrenching financial decisions. Single parents who rely on child support to cover the costs of housing, feeding and caring for their children may find it difficult or Read More
Read MoreHow Can You Get a Divorce During the Coronavirus Pandemic?
With the plague of COVID-19 and quarantine measures still affecting the court system, people may wonder how to go about asserting their legal rights. For instance, what can you do if you want a divorce? You could wait for the lockdown to end and seek marriage counseling, but if you feel your marriage is irretrievably Read More
Read MoreWho’s Going to Get the House in Your Divorce?
When a divorce has been filed, one of the biggest questions is often who will get the family home. Pennsylvania operates on an equitable distribution model, which means that the court will divide all assets and income earned during the marriage between the spouses. Equitable distribution is not necessarily equal, as the court will take Read More
Read MoreWhat Happens When Only One Person Wants a Divorce?
Breaking up isn’t that hard to do in Pennsylvania if both spouses agree to the split and have no financial disputes to resolve. In a divorce by mutual consent, one spouse files a complaint stating the marriage is irretrievably broken and serves it on the other spouse. Ninety days later, each spouse signs and files Read More
Read MorePennsylvania Child Support – Part II – Calculating base child support
This is the second installment in a three-part series. Read the first part here. After a child’s parents’ net monthly incomes have been determined, the next step in establishing a support amount is to calculate the base child support. To do this, the parents’ net monthly incomes are combined. A table established by the state Read More
Read MorePennsylvania Child Support – Part I – Income Available for Support
Both parents of a child are obligated to provide financial support for a child. There is a multi-step process involved in determining child support in Pennsylvania. First, income is determined. Next, the base child support amount is calculated. Then, allowable adjustments are considered. This is the first in a three-part series on these steps. The Read More
Read MoreTop Five Benefits of Resolving Your Divorce Through Mediation
If you and your spouse are ending your marriage, the two of you may opt to use mediation to resolve the issues surrounding your divorce, including the division of marital assets and debt, child custody, and child support and alimony, among others. Through mediation, you and your spouse meet with a neutral third party known Read More
Read MoreContested vs. Uncontested Divorce
Experienced Attorneys Handling Contested and Uncontested Divorces in PA Guiding you through the divorce process in Pittsburgh After making the difficult decision to get a divorce, your next step is to determine which process will assist you in accomplishing your goals. In Pennsylvania, there are several options, including a contested divorce, or an uncontested divorce. Read More
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