Property Division | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz
Division of Rental Properties in a Montgomery County Divorce
Dividing property in a divorce can be challenging, especially when it includes rental real estate. In high-asset households, rental properties may represent significant financial value.
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Can Travel Rewards and Credit Points Be Divided in a Pennsylvania Divorce?
When most people think of property division in divorce, they picture houses, vehicles, retirement accounts, or cash savings.
In today’s digital world, however, intangible assets like travel rewards, credit card points, airline miles, and loyalty perks can carry real value. And yes, these assets may be subject to division in a Pennsylvania divorce.
Whether you’re a frequent traveler, a savvy credit card user, or a couple who pooled points for future plans, it’s important to understand how Pennsylvania law treats these digital benefits.
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How a Second (or Third) Marriage Impacts Inheritance in Pennsylvania
Blended families are increasingly common, and with them come complex legal questions about inheritance, especially after a second or third marriage.
If you’ve remarried or are planning to, and either you or your spouse has children from a prior relationship, it’s important to understand how Pennsylvania law addresses estate distribution in these situations.
Without a clear estate plan in place, estate law in Pennsylvania can produce unintended results that may leave your biological children, stepchildren, or surviving spouse in a vulnerable position.
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If You Liquidate a Family Business, How Are Assets Divided?
In a Pennsylvania divorce, all marital assets are divided under state “equitable distribution” laws. Property must be divided fairly, taking a number of factors into consideration, including the length of the marriage and the earning ability of each spouse. Marital property is all property acquired by either spouse during the marriage, or using funds earned during the marriage. This may include a family business. Read the rest »
Financial Uncertainty and Business Valuations
The impact of the COVID-19 pandemic led to great economic unrest across the country, with numerous businesses applying for PPP loans, government relief, and loan forgiveness to avoid sudden closures. The full effects of this financial uncertainty will be felt for years to come, and no one knows that more personally than business owners who are going through divorces. Dividing a business during a divorce is difficult in any scenario, but the lows of 2020 may call into question the true value of your business.
Are Personal Injury Settlements Divided During a Divorce?
Going through a divorce after you have filed a personal injury claim can feel overwhelming, and it is normal to feel concerned about how the two cases may overlap. You may have worked very hard to recover compensation for your injuries and get your medical bills covered. You may even have a fair amount of money left over from the settlement, but now, you may be worried about whether your ex can claim a portion of it in your divorce.
Discovering Hidden Assets During a Divorce
Dividing up property is an important aspect of divorce, and one of the most contentious. It is not uncommon for spouses to attempt to hide assets during the process, particularly in high-net-worth divorce cases. If you are going through a divorce and suspect your spouse may be hiding assets, Sheryl R. Rentz can help you search for them. She is a Montgomery County family law attorney with more than 25 years of experience. Call our Ardmore office at (610) 645-0100 to schedule a free consultation. Read the rest »
Lose the Spouse, Keep the House
Divorcing is tougher when high worth is involved. Let’s be honest: no one wants to give up the things they’ve worked hard to obtain to their ex. Your house, property, money, cars, and other valuables could be up for grabs in the divorce. Read the rest »
Pets: Divided Like Property, or Shared with Custody?
Any pet owner will tell you that she views her pet as a member of the family. When couples divorce, one would expect pets to be treated the same as children, given how much they mean to their “pet parents.” In some states, like Illinois, the laws are moving in this direction. However, that is not the case in Pennsylvania. Read the rest »
Property Division in High-Asset Divorce Cases
If you are facing divorce in Montgomery County and you have substantial marital assets at stake, it is essential to work with a law firm that knows how to protect and evaluate wealth in accordance with Pennsylvania law. Read the rest »
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