When parents in Pennsylvania divorce, they may worry about college expenses. This can happen no matter how old the child is due to the increasing costs of college. If one parent is a high earner, there may be the possibility of obtaining child support to help with...
divorce
Is it time to file for divorce?
Deciding to end a marriage is one of the most challenging decisions someone can face. It often comes after much contemplation, emotional turmoil and efforts to salvage the relationship. While some couples manage to resolve their differences and rebuild their...
5 mistakes to avoid in high-asset divorces
When a divorce involves significant assets, the stakes are exceptionally high. Avoiding common missteps makes the process smoother and facilitates a fair outcome for both parties. Anyone ending a high-asset marriage should be extra cautious to sidestep these pitfalls....
Tax implications surrounding high-asset divorce
Divorce is an emotionally challenging time. When high net worth people become involved, the complexities can extend beyond the emotional realm. One aspect that often gets overlooked is the impact of divorce on taxes. Those with a high net worth should understand how...
What constitutes a no-fault divorce?
The Centers for Disease Control and Prevention reported the Pennsylvania divorce rate in 2021 was 2.4 per 1,000 people. Each divorce can occur in different ways, but it does not always have to be combative. In Pennsylvania, couples have the option to pursue a no-fault...
4 reasons your prenup agreement in Pennsylvania might be invalid
Before people get married, they have a lot to think about. Many couples opt for prenuptial agreements that they sign at least a few months before the wedding. These agreements outline the division of assets and responsibilities in the event of divorce. While they are...
Evaluating the worth of jewelry in high-asset divorces
High-asset couples in Pennsylvania typically possess a diverse portfolio of assets. These assets often play a major role in the complexities of divorce proceedings. Jewelry is an asset that may come into play as marital property. Evaluating its worth is necessary for...
The benefit of prenups in high asset divorces in Pennsylvania
Pennsylvania is an equitable distribution state. This means that courts will divide marital property fairly in a divorce. Couples can predetermine the division of assets and liabilities with a prenuptial agreement. Prenuptial agreements can shape the trajectory of a...
4 financial implications of a gray divorce
Gray divorce, a term referring to the dissolution of a marriage involving individuals over the age of 50, continues to rise. While ending a marriage at any age can be emotionally taxing, gray divorce can present unique financial challenges. 1. Property division In a...
Steps for protecting an inheritance in divorce
Yahoo Finance reported in 2022 the average inheritance for Americans was $46,200. Despite the amount of inheritance you receive, the chances are good that you want to keep it for yourself in a divorce. In general, inheritances have protection from asset division, but...