High-asset divorces can be complex. Couples with significant wealth may own properties abroad, hold foreign bank accounts or invest in international markets. This can complicate the division as it may involve foreign judgments and international laws. Are international...
divorce
How do you find hidden assets during a divorce?
The division of a separating couple’s assets during a divorce can be contentious, regardless of the money or assets at stake. Dividing up the vehicles, homes, accounts and other properties can be painful and may bring out negative characteristics. One party might want...
Inherited wealth in high-asset divorce
In high-asset divorces in Pennsylvania, inherited wealth can become a contentious issue. Understanding how the courts handle inherited assets can help protect your financial interests. Classification of inherited wealth In Pennsylvania, inherited wealth is typically...
Evaluating the value of real estate in high-asset divorces
In high-asset divorces, particularly among high-net-worth individuals in Pennsylvania, real estate may represent a significant portion of the marital assets. Properly evaluating these properties is an important part of the process to ensure a fair distribution....
Can you get child support to cover college expenses?
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...
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...