Philadelphia, Pennsylvania Equitable Distribution Attorney
Every divorce case is unique with a different set of needs and circumstances. When property is involved, property division can require careful negotiation and, at times, litigation to assure your rights are protected.
Fort Washington: 215.392.4217 ∙ Lancaster: 717.207.7971 ∙
Mount Carmel: 570.339.4589
At the Timoney Knox law firm, we have high standards of client service. This can be especially important when determining how marital property should be divided in a divorce. The law calls for equitable distribution — each spouse should be treated with fairness. The decisions you make now can affect you and your family for a lifetime.
What is marital property? Marital property is any property acquired during the marriage with some exceptions such as inheritance or gifts. If couple has had the foresight to draft a prenuptial or postnuptial agreement, other property may be exempted.
Determining equitable distribution can be expert intensive. Determining the value of property can be difficult, especially when the parties disagree. What is the house worth? How can the stock portfolio be fairly divided? Retirement accounts, pensions, art collections, real estate may require expert valuations to determine equitable distribution. Spousal support can also be a factor in a property settlement.
What if there is a business involved? When one or both spouses own a business, if there is a need or desire to keep the business operational, a great many decisions need to be made about ownership, a possible buy-out of one spouse, post-marital management and sharing of profits. Our attorneys work with accountants, business valuation experts and others to determine what settlement works best for this particular situation.
After a divorce, remember to evaluate and revise your estate plan as needed.
Economic justice should be the goal in equitable distribution of marital property. Talk through your concerns with a lawyer experienced in determining and fighting for a fair distribution of property after a divorce. Contact the divorce attorneys at the Timoney Knox law firm in Fort Washington, Lancaster, and surrounding cities of Philadelphia, Pennsylvania.
