In Pennsylvania, the division of property during a divorce follows a two-step process:
- Distinguishing marital property from separate property.
- Equitably dividing marital property. (Note: “Equitable” does not always mean a 50/50 split).
Marital Property
Marital property includes:
- All assets acquired during the marriage, regardless of whose name is on the title.
- Any increase in value of non-marital property (measured up to the date of separation or equitable distribution hearing, whichever results in a lesser increase).
- Ownership title is irrelevant—if acquired during the marriage, it is generally considered marital property.
Separate Property
Assets classified as separate property include:
- Property acquired before marriage.
- Assets specifically excluded by a valid prenuptial, postnuptial, or marital agreement.
- Gifts or inheritances received by one spouse.
- Exception: If the gift was given to both spouses, it is considered marital property.
- Assets acquired after final separation but before the divorce is finalized.
- Veterans’ benefits (unless a portion of military retirement pay was waived in exchange for compensation).
- Legal settlements or awards accrued before marriage or after final separation.
- Key Date: The court considers when the right to the settlement “accrued,” not when the payment was received.
Experienced Divorce Lawyer in Philadelphia
Attorney R. Badet is a skilled divorce and family law attorney committed to guiding clients through the complexities of property division, child support, spousal support, and custody matters. Whether handling simple or high-asset divorces, he ensures a fair and favorable outcome for his clients.
For expert legal advice, visit www.lawyersfordivorces.net or call 267-277-2641 for a free consultation today.
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