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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...
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...
Divorces in the U.S. have doubled since the '70s, according to the United Nations. During divorce, couples often face the complex task of dividing their assets, including property. Many wonder when marital property can become separate property. Marital property...
Child custody arrangements serve the best interests of the child. When life circumstances change, you may need to change an existing custody order in Pennsylvania. Reviewing the process of custody modification can help you understand if your case qualifies....
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...
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...
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...
Divorce is a challenging process for everyone involved, especially children. They often feel torn between their two parents and may find the changes unsettling. This adjustment can become even more difficult if your children express fear or reluctance to visit your...
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,...
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...