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Category Archives: Agreements
Pennsylvania Divorce Code: waiting period reduced to one year. The Pennsylvania General Assembly has passed a bill reducing the separation period for no-fault divorces from two years to one year. Under Section 3301(d) of the Divorce Code, when grounds of irretrievable breakdown of the marriage are established, the court may enter a divorce decree after […]
High Net Worth Individuals – Brad Pitt and Angelina Jolie – Enter Divorce As would be expected, much of the nation engaged in a feeding frenzy of gossip when it was recently announced that Brad Pitt and Angelina Jolie would be going, to the extent such is possible where children are involved, their separate ways. […]
In Pennsylvania, child support terminates when a child reaches the age of eighteen (18) and graduates from high school. In Pennsylvania, a parent does not have to pay college expenses for a child who is over 18 unless this has been agreed upon as part of a divorce case. For a family that separates prior […]
Issues facing high net worth individuals entering a divorce are often much different from the issues faced by lower/middle income individuals. As such, they must be planned for and approached in a manner befitting the unique issues that need to be addressed. There are simply more financial resources to fund, support and to share. Substantial […]
While divorce between couples with low- to mid-level wealth is focused on ending the partnership peacefully, high net worth individuals (HNWIs) must evaluate the effect of a divorce on accumulated wealth through self-owned business operations. If both parties within the marriage contributed to the revenue from operations or growth of the business, the business is […]
Divorces are never easy or pleasant. The old saying “choose your battles” has never been more salient than in the context of a divorce proceeding. Therefore, the first consideration for any person going through a divorce, especially one in which substantial assets are involved, is the cost associated with achieving your legal objectives; both emotionally […]
In Lugg v. Lugg, 64 A.3d 1109 (Pa.Super. 2013), the Superior Court affirmed the trial court’s decision regarding the parties’ postnuptial agreement. Husband and Wife were married for approximately 13 years, having had three children during the course of their marriage. In August, 2010, in contemplation of divorce, the parties began negotiating a postnuptial agreement. […]