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Montgomery County Property Division Lawyer

If you’re about to go through a divorce, you’re most likely concerned about property division. After all, you’ve worked hard for your assets, and they’re likely now at stake. However, the attorney you choose to represent you can make a significant difference in the outcome of your case, and if you’re reading this, you are in the right place. Let us help you redefine your tomorrow by artfully reshaping the fragments of yesterday. Contact a Montgomery County property division lawyer from Cohen & Patel today.

Property Division Lawyer | Protecting Your Hard-Earned Assets

Here at Cohen & Patel, we understand that equitable distribution isn’t just about dividing assets, but untangling shared memories and envisioning a fresh start. By turning to a seasoned Montgomery County divorce lawyer from our firm, you can have peace of mind, knowing your case is in good hands.

Marital Property Vs. Separate Property in PA

Property division can be agreed on by the parties seeking a divorce, or if the parties cannot come to an agreement, the court will divide marital property. In general, the property each individual brought into the marriage remains that individual’s property after the divorce. However, marital property is all property acquired during the marriage. Marital property includes consideration of marital debt shared by the couple during the marriage.

Property Division in Pennsylvania

Property division can be a contentious process. Even if the spouses believe they have a general agreement as to how to divide the marital property, once it comes to listing assets and deciding who gets one, the individuals may realize they have a different understanding of how the property should be divided.

Pennsylvania observes equitable distribution. The court will divide and distribute the property and assets based on what the court considers to be fair under the circumstances. The court will consider a number of factors in deciding how to divide the marital property, including the living situation after divorce, earning capacity, the standard of living, prior support obligations, length of the marriage, age, and health of spouses, tax liabilities, and other relevant factors.

Couples generally focus on the major assets in a divorce. However, couples should consider how to allocate all property accumulated during the marriage. If a spouse brings separate property into the marriage, any increase in value during the marriage may be considered marital property. Marital property to be divided during a divorce may include:

  • Family home
  • Vacation properties
  • Rental property
  • Business property
  • Land
  • Furnishings
  • Collectibles
  • Artwork
  • Antiques
  • Pets
  • Cars
  • Boats
  • Business assets
  • Cash
  • Individual and combined bank accounts
  • Stocks and bonds
  • Annuities
  • Life insurance
  • Pensions
  • Taxes
  • Debts
  • Other property

Protecting Your Assets

The best way to protect assets from a future divorce is by drafting a prenuptial or postnuptial agreement. Prenuptial agreements are drafted prior to marriage, and in them, you can clearly outline which property will belong to which spouse in the event of a divorce, among other things. If you are already married, you can draft a postnuptial agreement, which serves the same essential purpose. That said, if you don’t have either agreement in place and you’re about to get divorced, your best line of defense is a competent divorce lawyer who can fight for what’s yours.

Contact a Property Division Lawyer Today

Don’t go through the process of equitable distribution on your own; hire a seasoned property division lawyer who can effectively advocate for your best interests at every turn. Contact Cohen & Patel today so we can get started working on your case. We proudly represent clients in Montgomery County, Delaware County, Berks County, Chester County, and in East Norriton, Norristown, Allentown, Lancaster, Bensalem, Easton, Levittown, Bethlehem, Erie, Mechanicsburg, Chester, Harrisburg, and more.

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