Marital Property is a property interest acquired between the date of marriage and final separation of husband and wife. Property is marital regardless of whether it is held in joint or individual names if acquired during this time period, unless it was acquired in exchange for pre-marital, gift or inherited property (non-marital or separate property). Increase in value of non-marital property accruing during the marriage through final separation is, itself, also marital property.
Equitable Distribution is the property division between husband and wife upon divorce. Unlike community property, the division of marital property may or may not be equal. Equitable Distribution is based on equitable principles; in one case, property division may be 50/50 between the spouses, while in another it could be 60/40 or most any other division found to be fair by the Court.
Given the myriad factors involved, you need an experienced attorney to guide you through the court process related to equitable distribution. If you are in the midst of a divorce, or you anticipate one, give one of the experienced attorneys at Wilder Mahood McKinley & Oglesby a call. After all, we “wrote the book” on Pennsylvania divorce law.
Our firm has decades of experience valuing complex marital estates and working with expert accountants to accomplish this task. Whether you are the dependent spouse and are concerned with concealment of marital assets, or you are a business-owning spouse concerned with a fair valuation and distribution, we have the expertise to evaluate, litigate, and resolve complex property distribution issues.
To learn more about what Wilder Mahood McKinley & Oglesby can do to resolve your distribution of property, contact us online or call our office in Pittsburgh, Pennsylvania, at 412-261-4040.
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