At Lermitte & Lubin, LLC, we understand that divorce is one of the most challenging experiences people go through. One of the things that makes it so difficult and time-agonizing is the division of marital property.
Our divorce lawyers in Pennsylvania will assist you in comprehending and maneuvering through the equitable distribution of assets, ensuring that you have the necessary information and support.
Equitable Distribution vs. 50/50 Division
Pennsylvania is like most states in that it uses equitable distribution to divide marital assets. Only nine states do not. Pennsylvania’s approach aims to divide assets in a way that is fair and just to both parties involved. But what does this mean for you?
What is Equitable Distribution in Pennsylvania?
Instead of dividing marital assets equally, the courts will look at different factors to determine a fair distribution. These factors include:
- Each spouse’s contributions to the marriage
- The education of both spouses
- The length of the marriage
- The financial circumstances of each spouse post-divorce
As equitable distribution attorneys, we’re here to ensure that your voice is heard and your contributions to the marriage – be it financial or otherwise – are recognized and factored into the division of assets.
Financial Impact of Divorce
The impact of equitable distribution will shape the financial futures of both parties. It’s important to note that “equitable” does not always equate to “equal,” unlike 50/50 division.
Instead, equitable division aims to distribute resources fairly, possibly giving one party more if needed. The aim is to maintain both partners’ living standards and their ability to support themselves after divorce.
Common Concerns We Hear From People Starting Their Divorce
1. Fair Asset Division
“I want to make sure I receive my fair share.”
Pennsylvania supports “fair” over “equal,” which means we can and will do everything we can to protect your interests. This includes trying to secure a portion of the assets that reflect your involvement and stake in the marital property.
2. Post-Divorce Financial Security
“Will I be able to sustain myself after the divorce?”
Equitable distribution is all about making sure both parties can sustain themselves after divorce. Your employment and/or education history only informs how the courts can best do this.
3. Recognition of Contributions
“Will my contributions (financial and non-financial) during the marriage be taken into account?”
Absolutely. We will recognize and appreciate your contributions. This applies to both being the main earner and assisting in important ways, such as taking care of your children. We will consider these factors when dividing things fairly.
Overcoming Distribution Challenges
Equitable distribution in Pennsylvania is intricate, and several potential challenges can arise during the process. Disagreements over the value of certain assets can lead to contentious negotiations. Hidden assets and debts that surface during divorce proceedings can further complicate matters.
Our approach involves thorough asset valuation, stringent financial discovery, and strategic negotiation to advocate for an equitable resolution. We remain committed to ensuring that the complexities of your case do not hinder the pursuit of a fair and just asset distribution.
Contact the Divorce Attorneys at Lermitte & Lubin, LLC For Help
At Lermitte & Lubin, LLC, we know that each divorce case is unique. We tailor our approach to meet your specific needs and circumstances. With years of experience in handling equitable distribution in Pennsylvania, our attorneys are adept at navigating through negotiation, mediation, or litigation, whichever route best suits your interests.
Your trust in us is not taken lightly, and our enduring commitment to achieving the best possible outcome for you remains our top priority. Preparing for a divorce? Seeking fair and knowledgeable guidance on equitable distribution? Contact Lermitte & Lubin, LLC today and let our equitable distribution attorneys provide the legal support and representation you need.