Delaware County Property Division Attorney
Reliable Help in Difficult Times
Dividing up property is one of the most difficult decisions to make during divorce. No matter the divorce circumstances, pursuing a fair division of property is crucial in ensuring peace and the future well-being of your children. The kids need stability, but the division of all the familiar objects in their lives can be chaotic and stressful. Fair property division allows you to move on with your life and protect your legal rights.
Our property division lawyers at Law Offices of Sheryl R. Rentz, P.C. are ready to guide you through the property division process and represent your rights. You will also receive a free consultation with our dedicated Delaware County divorce attorneys. Our valuable advice may help you avoid costly mistakes that people often make when going through the divorce process. Call us today at (610) 645-0100.
What Is Equitable Distribution?
It is important to know that Pennsylvania is an equitable distribution state. "Equitable" means that property will be shared fairly, though not necessarily evenly. This means that the property will not be split 50-50 with your ex-spouse. Instead, judges will consider a wide range of factors when deciding how the property will be shared. Some of these factors include:
- The age of the spouses
- The length of the marriage
- Any previous marriages
- The sources and amount of income
- The current property values
- How the division of property will affect the children
If you are involved in a division of property case, having clear goals and gathering sufficient evidence will help you preserve important things. An experienced property division lawyer will increase your chances of winning.
Finding Hidden Assets
If you are in a property division case with your ex-spouse and suspect they are trying to hide assets, you should take action immediately. Thankfully, there are several ways you can find hidden assets with the help of an experienced attorney.
For instance, one spouse might be having an affair, resulting in the waste of marital assets. You can dig into the affair by reviewing the spouse's social media profiles and other platforms. You can also use the Secretary of State's website to uncover holdings or business dealings involving the other spouse. This will go a long way toward helping you find hidden assets.
You can also use record finder websites that allow you to look up a person’s name and see what assets they have. Even if your ex-spouse hid things from you, chances are, they will not be able to hide assets from the state nearly as effectively.
Plus, you can use the tax assessor's website, which lists an individual's personal and real estate property. It is also helpful to review the spouse's tax return and discover assets being hidden from the family court. Much of the investigating can be done by your attorney, but you should always show any evidence you already have of hidden assets to your attorney to be thorough.
What Happens to Debt?
During property division, debts are treated differently. All the debts incurred during the marriage are considered marital debt. Therefore, the debt will be split between the two parties equally. This is the case unless one spouse takes full responsibility for the debt.
Let Delaware County Property Division Attorneys Help
If you need help with a property division case in Delaware County, call the Law Offices of Sheryl R. Rentz, P.C., at (610) 645-0100 today. We have many years of experience handling hotly contested divorce cases in Delaware County and can help you get an ideal settlement.