Key Takeaways Tax-loss harvesting of crypto just prior to property division in PA means offloading digital assets at a loss to reduce the taxable gains during divorce proceedings. In PA, property division is equitable distribution, so both spouses could be impacted by crypto losses or gains reporting. Since IRS rules treat crypto as property, selling …
Tax-Loss Harvesting of Crypto Before Property Division in PA Read More »
Key Takeaways Divorce for entrepreneurs with aggregated domains (seo assets) in pa means the split can involve special steps to valuing and dividing digital assets. Web domains / websites / SEO assets can have actual business value, so PA courts will treat them as marital property if purchased or developed during the course of marriage. …
Divorce and Digital Assets: What Entrepreneurs Need to Know in Pennsylvania Read More »
Key Takeaways The local tax office can verify or adjust the value of a home when it changes hands via a divorce. PA property-tax reassessment: When one spouse ‘gets the home’ in a divorce, the county can actually come in and reassess the property – update its tax value. This typically results in new tax …
Property Tax Reassessment After Divorce in Pennsylvania Read More »
Key Takeaways Divorce and SSDI benefits for kids in PA indicate that a child could receive SSDI assistance if a parent is disabled, even post-divorce. In PA, a child’s right to SSDI benefits exists if one or both parents get the disability payments. Courts typically credit these payments against child support. If parents split, the …
Divorce and Social Security Disability Benefits for Children in PA Read More »
Key Takeaways Understanding the divorce process in Pennsylvania involves knowing the legal steps and requirements needed to finalize a divorce in the state. Pennsylvania provides no-fault and fault-based divorce options, granting spouses the independence to decide the route that works best for them. Initially, one spouse must file a divorce complaint with the court and …
Understanding the Divorce Process in Pennsylvania: A Comprehensive Guide Read More »
Key Takeaways Pennsylvania child custody laws provide a clear legal standard for custody arrangements that focus on the child’s best interest. These laws are typically aimed at all aspects of child custody, such as physical vs. Legal custody arrangements, visitation rights, and parental obligations. When determining custody, Pennsylvania courts prioritize the child’s best interest. They …
Understanding Child Custody Laws in Pennsylvania: A Comprehensive Overview Read More »
Key Takeaways Pennsylvania uses the income shares model to calculate child support. This formula considers everyone’s income and number of shared children. The state gives guidelines to calculate how much each parent should pay toward their child’s needs, which creates an even and predictable process. Over Pennsylvania’s courts determine things like combined monthly income, custodial …
Key Takeaways Alimony and spousal support in Pennsylvania divorce are financial payments made by one spouse to the other during or after the divorce process. These payments are intended to give lower earning spouses financial security goals and lessen the income gaps between the two spouses. In Pennsylvania, a spousal support award can be granted …
Alimony and Spousal Support in Pennsylvania: Key Facts You Should Know Read More »
Key Takeaways Under state law, division of assets and property follows the rule of equitable distribution. Marital property is divided equitably and not equally based on numerous factors. These types of factors include the length of the marriage, the income and contributions of each spouse, as well as each spouse’s future financial needs. Marital property …
How Are Assets and Property Divided in a Pennsylvania Divorce? Read More »
Key Takeaways In Delaware County divorces, asset equilibrium is a nuanced and delicate endeavor. It helps ensure equitable distribution of property and finances to each party. This balance ensures that assets like real estate, savings, and investments are distributed equitably. It protects the parties’ interests by making sure debts are paid out to local law. …
Balancing Assets and Finances in Delaware County Divorces | Call Now Read More »
