Pennsylvania is an equitable distribution state. That means that in the event that you and your spouse divorce, your marital assets and income will be divided based on a number of factors, including the length of the marriage, earning capacities and relative wealth of each party. Your divorce judge has the discretion to distribute your assets in a way that he or she determines is fair or equitable.
When you are considering divorce, you need legal advice on how to protect your assets and income. Contact the family law attorneys at the Law Office of Stephen Ross in Pottstown, Pennsylvania, for skilled guidance on equitable distribution issues during your divorce.
Know Your Assets and Your Spouse's Assets. Our attorneys help you plan for marital property distribution.
When you consider divorce, we may have you collect important financial documents such as:
- Retirement account statements
- Income tax returns
- Stock receipts
- Income statements
- Bank statements
- Credit card statements
- Titles to real estate property
These documents will be used during discussions about the distribution of your assets, and our awareness of the amounts can help us protect you. Getting the documents before you file for divorce can also protect you from marital asset fraud. If your spouse tries to hide assets in a business or secret account, the documents may provide the evidence to establish the existence of the funds for distribution.
Once we have these documents before divorce, we may also hire experts to work with us on your complicated divorce case, especially if your divorce is a high net worth divorce. Together, we vigorously protect your assets during divorce. These experts act as support staff to our knowledgeable family law attorneys. We exercise due diligence in the use of experts because we understand that complicated divorces may require additional support.
Protect Your Businesses by Planning for Divorce
When your divorce involves a business or a professional practice, we highly encourage you to contact us before you file for divorce. We handle business valuations prior to divorce and can help you evaluate your business income and profit to protect you and your business.
Contact Our Montgomery County, Pennsylvania, Marital Property Division Planning Attorneys
For more information, Contact us to discuss your case with our Pottstown equitable distribution planning lawyers. We serve clients in Montgomery County, Chester County, Berks County, Philadelphia County, Lancaster County and surrounding counties in Pennsylvania.