The division of assets and debts in a divorce is often the biggest source of contention between the spouses. Simply identifying which assets are marital assets subject to division can be a complicated and emotionally-charged process. Even when there is little to divide or the allocation of the assets appears simple or clear cut, an experienced Elite Divorce Lawyer can make sure that you are getting the best possible outcome .
- Property settlement agreements are determined by a number of factors, including but not limited to:
- The length of the marriage.
- Any prior marriage of either party.
- The age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties.
- The contribution by one party to the education, training or increased earning power of the other party.
- The opportunity of each party for future acquisitions of capital assets and income.
- The sources of income of both parties, including, but not limited to, medical, retirement, insurance or other benefits.
- The contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker.
- The value of the property set apart to each party.
- The standard of living of the parties established during the marriage.
- The economic circumstances of each party at the time the division of property is to become effective.
- The Federal, State and local tax ramifications associated with each asset to be divided, distributed or assigned, which ramifications need not be immediate and certain.
- The expense of sale, transfer or liquidation associated with a particular asset, which expense need not be immediate and certain.
- Whether the party will be serving as the custodian of any dependent minor children.
23 Pa.C.S. § 3502(a).
Elite Divorce Lawyer will work to take the uncertainty and fear out of the process by helping to draft a clear and sound property settlement agreement with your needs and best interests in mind.