When high-asset couples embark on the journey of divorce, the dispersion of wealth is typically a significant concern. Waste dissipation, where assets mysteriously vanish, is a common issue that can leave one party feeling financially strained. Along with hiding...
divorce
Understanding how divorce affects your taxes
A divorce affects various aspects of your life, including your finances. In Pennsylvania, the financial implications of divorce extend to your tax situation. Understanding how divorce affects your taxes helps you make informed decisions during an already challenging...
Should you get a postnuptial agreement?
When many people think of marriage, they envision shared dreams, assets and a life built together. However, life is unpredictable, and circumstances change. While prenuptial agreements made before tying the knot have become more accepted and familiar, postnuptial...
Reviewing various child support payment methods
Many people pay child support by having payments automatically withheld from their paycheck through an income withholding order. However, some need to find a different way to pay child support, such as those who do not have a typical job (self-employed workers,...
Division of assets in a Pennsylvania divorce
According to the Pennsylvania Department of Health, there were approximately 31,000 divorces and annulments in Pennsylvania in 2021. Divorce involves not only the dissolution of a marriage but also the division of assets that the couple acquired during the union. In...
Professionals you may need to hire in your divorce
According to the Centers for Disease Control and Prevention, roughly 31,000 divorces happened in Pennsylvania in 2021. While many of those divorces went through the courts quickly as uncontested matters, others took more time and required the use of various...
Contemplating the impact of social media posts during divorce
In today's digital age, social media has become an integral part of our daily lives. While social media offers an outlet to vent feelings and seek support, it also has its drawbacks, especially when dealing with something as delicate as divorce. Before hitting the...
What happens if your spouse does not respond to divorce papers?
Divorce is complex and the hurdles you may face only grow higher when your spouse is uncooperative. In an amicable, agreeable divorce, both spouses may talk things through and discuss the separation of property with few bumps besides paperwork. In a hotly contested...
3 ways to protect your financial well-being during a gray divorce
Gray divorce, or a marriage that ends after age 50, is now a common event. In fact, according to Captrust Financial Advisors, greater than 1/3 of all divorces in the United States involve couples of this age, and instances continue to rise. If you find yourself facing...
How can you fortify your credit during a divorce?
Changes to your finances are an inevitable outcome of a divorce. Your credit could feel the push and pull of fluctuating income and financial responsibility. A proactive approach to guarding your credit may minimize the repercussions of your split on your financial...