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Brian McKinley Recognized by Super LawyersSuper Lawyers has announced Attorney Brian McKinley as one the latest attorneys at Wilder Mahood McKinley & Oglesby to be listed as a Pennsylvania Super …Read More >
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Category Archives: property division
When you think of a divorce, one of the main worries that comes to mind is the loss of income and assets. This is especially true for a high net worth divorce since there are such high stakes in the division of property. The uncertainties that come with this can be stressful, but educating yourself […]
You may be assuming that everything obtained during the marriage is considered marital property. There are, however, a few exceptions. One of those exceptions is an inheritance received during the marriage or the corpus of an inheritance received prior to the marriage. However, you must take steps to preserve the non-marital nature of the inheritance […]
Getting married is an exciting time for couples – from the engagement celebrations to the wedding to the honeymoon. All these events take planning, and one thing couples should also plan for is how to handle the financial aspects of their future marriage. This financial planning may involve creating a prenuptial agreement, which is also […]
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.
What date is used to value marital property during equitable distribution of the marital estate? Because the value of some assets fluctuates from time to time, the valuation date of marital property is generally the time of distribution unless the property is no longer in existence. In some instances, a date of separation value may […]
During high net worth divorces when well-compensated spouses divorce, one issue that may arise is how to deal with stock options held by a spouse as part of his or her benefit package. In Pennsylvania, such stock options are considered a form of deferred compensation designed to induce the employee/spouse to remain loyal to the […]
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 […]