April, 2011 | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz Archive
If You Own a Business in Pennsylvania, Consider a Pre-Marital Agreement before Marriage
Forbes featured an article recently discussing how divorce can complicate ownership of a business, especially if the business’ value increased during the marriage. This value will typically be included in the marital assets that will need to be divided between former spouses after a business valuation in Pennsylvania is conducted. However, there are a few steps a person can take to protect the business during the divorce if they consider the business to be their separate property or if they have a greater stake in the business and may avoid having a business valuation be necessary.
Separate and marital property can be extremely complicated, but usually, one person will be entitled to a certain percentage of the other person’s business, despite whether they directly contributed to growing it or not. One of the most advantageous steps a person can take to protect their business during their divorce is to already have a pre-marital agreement in place before the marriage starts. In the agreement, details regarding both peoples’ property rights as well as other expectations would be described if the need to divorce arises. Read the rest »
Contentious Divorce Between Frank and Jamie McCourt Leaves Fate of the Los Angeles Dodgers in Question
The divorce between Frank and Jamie McCourt involves not only millions of dollars, seven homes, and large demands of spousal support, but also the ownership of the Los Angeles Dodgers, one of the most famous baseball teams in the United States. The couple has been married for 30 years.
According to The Telegraph, Jamie McCourt alleges she is a co-owner of the Dodgers and disagrees with Frank McCourt’s claim that she signed her rights away to the baseball team in exchange for the seven homes owned by the couple. In addition to half the share in the team she also wants close to $1 million a month in spousal support to maintain her lifestyle, and also wants Frank McCourt to pay $568,000 a month on the mortgages on their homes. She is also asking for $9 million to pay for her accountants and divorce attorneys. Jamie McCourt is also demanding 24-hour security at the homes as well as unlimited travel expenses, as well as her old job at the Dodgers back. Before last fall, Jamie McCourt served as the team’s chief executive. Read the rest »
Choosing the Right Philadelphia Mediation Attorney for Your Divorce
It can be a difficult decision to decide to divorce, and one that brings with it emotional issues and a high amount of stress. Many couples going through a Pennsylvania divorce decide to settle their affairs through mediation, rather than adding litigation and court appearances to their stress.
Mediation in Pennsylvania allows a couple who wishes to divorce a way to handle matters of divorce in an open, non-judgmental environment with an unbiased mediator, typically an attorney, facilitating the discussion. While the conversation is serious, mediation is generally very informal and communication between both parties can be made easier. Often, many couples find litigation does not permit them to state their side of the story or leaves them with a settlement from a judge they are unhappy with. In mediation, both couples are given an opportunity to air their grievances, and an agreement is reached that takes both of their needs into concern. Typically, issues such as child custody and visitation agreements, property division, and more are decided during mediation. Read the rest »
Woman Alleges Keanu Reeves Fathered Her Children in Paternity Suit
Recently, Keanu Reeves was involved in a paternity suit in which a Canadian woman claimed he was the father of her children, reports The San Francisco Chronicle. Read the rest »
We know your problems are unique & special.
Call us, we will listen.
(610) 645-0100
Meet Attorney