When a marriage ends, personal and economic relationships end as well. In Pennsylvania, the assets and debts you and your spouse acquired during the marriage — your marital property — is divided equitably when you divorce. Bear in mind that equitably does not mean equally; it means fairly.
Factors the court considers for equitable distribution of property
The court considers a variety of factors in determining the division of property:
Length of your marriage
Any prior marriages
Each spouse’s age, health, income, vocational skills, employability, assets and liabilities
The contribution of one spouse to the education, training and earning power of the other spouse
The opportunity of each spouse to earn future income and acquire future assets
Sources of income
The services of each spouse as parent, wage earner or homemaker
The value of the property
The standard of living you both established during your marriage
The tax ramifications of the distribution
At Liebmann Family Law, our Bucks County Property Division lawyers have more than 65 years of combined legal experience in dealing with equitable distribution issues. Often, these are among the most contentious in a divorce. In our experience, we usually find it beneficial for divorcing couples to propose their own property division. It’s useful to inventory your property, including date of purchase, value and account or serial numbers.
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Bucks County Divorce Attorney Located in Newtown, Pennsylvania
Skilled Bucks County Property Division attorneys at Liebmann Family Law can answer your questions
Q: Can property acquired prior to marriage be divided upon divorce?
Generally, assets owned by either spouse prior to the marriage will remain that spouse’s separate property after the marriage ends, and won’t be distributed by a court as marital property.
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What will happen to the house if we get divorced, Liebmann Family Law can answer your questions.
Liebmann Family Law is located Newtown, Bucks County, Pennsylvania