Newtown Property Division Attorney
The Newtown property division attorneys at Kardos, Rickles & Hand are experienced in handling marital property cases. In Pennsylvania, the court is to distribute all marital property in an equal manner. However, the phrase “equitable division” does not inevitably refer to an equal division.
Marital Property Defined
Although there are some exemptions, assets acquired throughout the marriage, despite of how they are titled, are part of the marital estate and subsequently subject to equitable distribution. This will include such assets as real estate, 401ks, IRAs, businesses,pensions, brokerage accounts, stocks, stock options, CDs, money market accounts, bank accounts, the cash values of life insurance, jewelry, automobiles and personal property.
Any gifts from third parties and inheritances are excluded from marital assets unless these gifts were used to make a joint purchase or put into a joint home.
At Kardos, Rickles & Hand our Property Division Attorney work to investigate the assets to ascertain precisely what should be excluded and included from the marital estate. We work attentively with our clients to discover just what is in the marital estate. Often we engage specialists to value real estate or businesses. Our goal is to ensure all assets are discovered and that an accurate value is assigned to each asset.
When the court determines equitable division on marital property, there are eleven factors that the court considers. Some of factors include which spouse is earning more money, which spouse is the custodian of the children, and whether either has money set aside in his or her name that is not marital property and more. The court determines what it believes to be an equitable division of assets.
Speak with Our Knowledgeable Bucks County Property Division Attorney
Going through a divorce is never easy, but the experienced Bucks County property division attorneys at Kardos, Rickles & Hand can help relieve some of the stress and anxiety you’re likely feeling. Give us a call or contact us online to get started. We have conveniently located offices in Newtown, Pennsylvania.
