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Category Archives: Agreements
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.
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 proceedings, including equitable distribution, can be complicated. While there are many components involved in the resolution of a divorce, alimony is one of the main areas of discussion. The importance given to the topic is justified as it’s something that can have an impact on each spouse involved. If you have earned or are […]
Are you going through a separation? If so, you may be wondering how the separation, as opposed to a divorce, will affect your beneficiary status under your spouse’s life insurance policy or pension plan. Below are some general rules to keep in mind regarding life insurance policies and pension plans during a separation. It’s important […]
If you’re going through a separation or divorce, it may not be clear what to expect regarding health insurance coverage for you, your spouse and/or your children. You may wonder what your obligations are during the support or divorce proceedings and what may happen afterwards. As part of a support order, it’s possible that one […]
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 […]