blog home Divorce Financial Issues | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz

Divorce Financial Issues | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz

Can Your Spouse’s Credit Card Debt Affect Your Divorce in PA?

By Sheryl Rentz on June 15, 2022

The process of dividing a couple’s property during divorce proceedings does not stop at marital assets like the family home or cars. Many people are unaware that a couple’s accumulated debt is also distributed. Read the rest »

How Are Trademarks Divided in a Divorce?

By Sheryl Rentz on December 6, 2021

Copyright claim document in a typewriter.Trademarks, logos, and patents are all forms of intellectual property, which are protected under federal copyright laws. A legal copyright bestows exclusive rights for designers, inventors, authors, and artists to sell their creative works. This is done to encourage innovation by prohibiting others from “stealing” a person’s ideas and profiting from them.

Read the rest »

What Is a Co-Ownership Agreement and Why Is It Important?

By Sheryl Rentz on July 20, 2017

Even though married couples have certain guaranteed protections under the law (such as rights to all jointly-held property upon the death of a spouse), many long-term couples elect not to marry. This means that if the relationship ends for any reason, they may not be fully protected when it comes to determining ownership of jointly-held property. Read the rest »

Lessons to Learn from Chris Rock’s Divorce

By Sheryl Rentz on January 5, 2015

All divorce proceedings can prove stressful and complex. This is especially true when at least one of the spouses has a significant amount of wealth. To prevent contention and disagreement in the event of a divorce, Chris Rock and his then fiancé had signed a prenuptial agreement. This agreement, commonly known as a “prenup,” was designed to streamline the divorce and protect Rock’s finances. However, since they were married back in 1996, his agreement has expired.

It is common in a prenup involving clients with large amounts of assets to have sunset provisions. These are terms of the prenup that are only applicable for a certain amount of time. This allows the wealthy spouse to protect his or her assets if the marriage does not last. Some sunset provisions allows the wealthy spouse to protect the majority of his or her wealth for many years while other provisions may allow the entire prenup to expire. Read the rest »

Finding Hidden Assets During Your Divorce

By Sheryl Rentz on November 24, 2014

Unfortunately, for many couples entering the divorce process, even before the official documents have been served, many spouses begin looking for ways to keep money or other assets away from the other spouse. This often means that one (or both!) spouses try to hide financial information.

If you believe that your spouse is hiding assets from you at any point in the divorce, do not hesitate to speak with a knowledgeable Pennsylvania divorce lawyer. The best way to protect your rights and future well being is to evaluate what assets belong to the marriage and work to ensure that you receive your fair share. Read the rest »

Are there Legal Options for Preventing a Divorce?

By Sheryl Rentz on November 3, 2014

One of the most commonly cited reasons for divorce in the United States involve financial issues. And it’s not surprising. The topic of money can create tension between even the most agreeable couples. But in a day and age where divorce seems to be unavoidable, are there any options for steering clear of the financial pitfalls that break up so many committed relationships?

Whether you are about to walk down the aisle or have been married for decades, here are a few legal options for preventing arguments about money from becoming threats of divorce. Read the rest »

Money Can’t Buy Love or a Lasting Marriage

By Sheryl Rentz on October 20, 2014

Family Law AttorneyWhen it comes to weddings, the popular opinion (at least as far as the wedding industry is concerned) is that bigger is better. A lavish ceremony, an oversized diamond ring, and an elaborate after party are all touted as the ideal beginning to happily ever after. However, according to a study by Emory University in Atlanta, the more money a couple pours into tying the knot, the higher the probability the couple will soon follow their “I do’s” with divorce.

The study examined data contributed by more than 3,000 people throughout the U.S. who have been married and found the following correlations:

  • Couples who spent $20,000 or more on their wedding were 46 percent more likely to divorce than couples who spent between $5,000 and $10,000. Read the rest »

Steps to Take When Facing a High-Asset Divorce

By Sheryl Rentz on July 8, 2014

High-asset divorces pose questions that ordinary divorce cases do not. While partners in a low- or middle-income family typically wonder how to support two separate households, partners in a high-asset divorce are primarily concerned with ensuring that their respective shares of their assets are distributed equitably, in a way that allows both the adults and children to maintain their standard of living.

Choosing an experienced Pennsylvania high-asset divorce attorney should be your first consideration when dissolving a marriage and wondering how to protect your assets. Other steps to take include: Read the rest »

Why Long-Term Separations May Be More Costly than Divorce

By Sheryl Rentz on October 9, 2013

There are plenty of horror stories about what it takes to end a marriage that it is understandable why even the unhappiest couple may feel reluctant to go through with divorce.  Exorbitant alimony payments, gut-wrenching custody battles, and the risk of losing half of your property are just some of the major fears that would persuade a couple to settle for a long-term separation, rather than make things official.

If you think separating without divorce is the safe way to go, think again. Putting off making a final legal decision for the sake of convenience could lead to an unknown financial disaster in the future. Essentially, the devil you don’t know could be a lot worse than the devil you do know.

Read the rest »

Rupert and Wendi Murdoch: Lessons from an Affluent Divorce

By Sheryl Rentz on August 22, 2013

As the much-publicized divorce of Rupert and Wendi Murdoch continues, the media seems to relish uncovering every aspect of the split, particularly because the couple in question includes someone with significant wealth and a global news empire. But what, if anything, can be learned from the details that emerge when such an affluent couple calls it quits? Examining how the parties try to protect such high-profile assets can reveal a lot of practical advice for even those without millions of dollars in the bank.

Legal Agreements

One of the most notable factors in this divorce is that Rupert and Wendi signed a prenuptial agreement followed by two postnuptial agreements. Postnuptial agreements are typically used to solidify the prenuptial agreement and to make the separation of assets cleaner.

Read the rest »

We know your problems are unique & special.
Call us, we will listen.