When the subject of divorce is brought up, one of the first topics that might make you feel stressed is the topic of finances. What will happen to me financially during and after the divorce? This question and the stress that comes with it is completely normal, but don’t worry. If you have the right legal support, you will have the knowledge at hand to alleviate the stress and get you through it.

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If you are new to the topic of divorce and are about to experience it first-hand or suspect it is something that may happen down the road, you might be worried about the unexpected. You may have fears regarding the process and what it means for you and/or your children.

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After you execute a divorce/marital settlement agreement and time elapses, it may be common for things in your life, and the life of your ex-spouse and children, to change. Often a person’s financial and personal circumstances change. People begin new jobs, they leave old ones, and they may relocate. They may even remarry or start new families. When a person’s circumstances change significantly, that person may need to modify the terms or provisions of a divorce/marital settlement agreement relating to child custody, child support, or spousal support/alimony in order to adequately reflect those changes.

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If you are in a relationship that you feel is leading to a separation, you could be overwhelmed by the thought of what this could mean for you, your finances, your living arrangement, and especially your children. Preparing yourself for this situation before it happens is one of the best things you can do. It can help to minimize stress and get organized so you can stay on top of it when the time comes.

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Marital Property Divorce

If you’re in the middle of a divorce in Pennsylvania, The Pennsylvania Divorce Code provides for Equitable Distribution of Marital Property. While it’s great to know this, what does it mean and how does it affect you and your divorce case? Below are a few explanations to help make sense of it all.

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One of the biggest issues divorcing couples face is the division of assets, which is done in a process called Equitable Distribution. When a family business is involved, dividing assets can be even more complicated. If both you and your ex are involved in a family business, how do you determine what share each person gets of the business?  Do you both want to be involved after the divorce is final?  Is that possible?  What if other family members are involved?

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Have you decided that adoption is the route you want to take to grow your family? If so, there are many questions that you need to consider when taking the next steps. For example, do you want to take the path of closed adoption or open adoption, is this a step-parent adoption, what are the procedures for adoptions, and can consents be revoked?

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One key component of a divorce is the award of support – including spousal and child support. In most cases, one of the former spouses will be awarded this type of support either because of an already-established agreement between the couple or due to a decision by the court. If you’re in this situation, and the support award has been determined for either you or your former spouse, you may be wondering what happens next.  The Q&A’s below can help you to know what to expect.

 

 

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If you’re getting married, are you considering a prenuptial agreement with your soon to be spouse? Or, have you already entered marriage and are now considering a postnuptial agreement? Many people feel that having a prenuptial or postnuptial agreement in place helps to take the stress out of marriage so that, if they were to divorce, the plan to resolve the financial aspects of the marriage and divorce are already identified. If the thought has crossed your mind, below is some information to help.

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If you are separated or divorced and have a custody agreement or order with your ex or parent of your child, an unsettling thought may be the idea of relocation. What if your former spouse decides to relocate to another state – or even another country? What would happen with your custody agreement? Would they take your child? Those questions can make you feel uneasy, but rest assured that there are statutes and rules that must be complied with in order for any relocation to occur. (more…)