Key Takeaways Depending on the nature of state law and prevailing court decisions. As an example, in Pennsylvania, a life insurance policy is legally treated as a marital asset. It further ensures that children or an ex-spouse are cared for financially should the couple part ways. If you or your ex have a policy in …
Key Takeaways In the Commonwealth, both spouses will be liable for marital debt post-divorce. Courts in the state split marital debt along with assets, which means debt taken on during the marriage often gets shared, no matter whose name is on the account. The judge will look closely at when the debt was incurred and …
Who is Responsible for Marital Debt After Divorce in Pennsylvania? Read More »
Key Takeaways Uncovering hidden assets during a Pennsylvania divorce means finding money, property, or other things a spouse tries to keep out of the process. It’s what I do every day with cases where people hide bank accounts, properties, personal collections of who knows what or even stock options. You may notice red flags such …
Uncovering Hidden Assets in a Pennsylvania Divorce: Essential Strategies for Success Read More »
Key Takeaways Because of this, there are multiple avenues you can take to maintain your coverage. What are your health insurance options after a divorce? You can maintain your group health insurance coverage under COBRA, purchase a plan on the Pennsylvania state exchange, or check to see if you are eligible for Medicaid or CHIP …
What Happens to My Health Insurance After a Divorce in Pennsylvania? Read More »
Key Takeaways Preparing your financial affidavit for Pennsylvania divorce means gathering all your money details like income, debt, assets, and bills to share with the court. I workshop through bank statements, paystubs, tax returns and mortgage statements. I am reviewing values of cars, retirement accounts etc. We each need to provide a complete and truthful …
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Key Takeaways Be sure to change your filing status, file report alimony income or payments correctly, claim your dependents where appropriate, and check your withholdings. One common tax mistake many Pennsylvanians make after a divorce is forgetting to change their tax form status. This mistake can lead to filing inaccurate returns or even losing out …
Common Tax Mistakes to Avoid After a Pennsylvania Divorce Read More »
Key Takeaways Negotiating who claims children as dependents after divorce in PA means both parents work out which parent can list the kids on their tax return each year. For state taxes in Pennsylvania, claiming this dependency allows access to tax advantages including the Child Tax Credit. It can further determine who gets to claim …
Negotiating Child Dependency Claims After Divorce in Pennsylvania Read More »
Key Takeaways In a Pennsylvania divorce, one issue you need to address is how personal injury settlements should be considered in property distribution. That involves figuring out what money in your settlement offsets what you both own. In handling a personal injury settlement, I make it fully clear how the case details apply. I write …
How Are Personal Injury Settlements Treated in a Pennsylvania Divorce? Read More »
Key Takeaways In Pennsylvania, grandparents can seek both custody of their grandchildren and visitation with them. You must petition the court for either legal or physical custody or visitation and meet certain requirements to qualify. When parents separate, die or undergo significant life changes, it is essential to understand grandparents’ rights. You may petition for …
Grandparents’ Custody and Visitation Rights in Pennsylvania Read More »
Key Takeaways Physical custody and legal custody are two distinct terms that should not be confused. Physical custody is about where your child resides and who takes care of them on a daily basis. Legal custody pertains to who is responsible for making important decisions regarding your child such as education, medical care, or religion. …
Understanding Physical vs. Legal Custody in Pennsylvania Read More »
