Silliker & Reinhold Law Office
  • Home
  • About
  • Practice Areas
    • Adoptions
    • Child Support
    • Custody
    • Divorce
    • Estate Administration And Guardianship Guidance
    • Family Law
    • Grandparents’ Rights
    • Property Division
    • Wills And Estate Planning
  • Blog
  • Contact
Select Page

Demystifying high asset divorces in Pennsylvania

On behalf of Silliker & Reinhold Law Office | Mar 11, 2020 | Divorce

The division of assets in a high asset divorce can quickly become a complicated process when it comes to business ownership, stock options, and the ownership of multiple properties. Pennsylvania is an equitable distribution state, which means that anything deemed marital property may be subject to distribution between both spouses. A judge will use many criteria in determining this asset division, including:

  • The amount of time the couple was married
  • The ages and physical health of each spouse
  • The income potential for each spouse on their own
  • The standard of living established with the marriage

Understanding the complicating factors

With high asset divorces, the assessment, valuation, and logistical consequences of asset division can create a much more elaborate process for asset division. Here are some of the concerns when going into such a high asset divorce:

  • Business ownership: It is necessary to establish a reasonable valuation of a company and any relevant stock options (depending on whether they are transferable or vested), ownership rights, etc.
  • Retirement funds/pensions: There are many tax implications of dividing a retirement fund, which requires particular legal knowledge.
  • Multi-state properties: If a couple owns property in multiple states, those properties may be subject to different jurisdictions as it relates to the divorce and asset division.
  • Taxation: There could be many consequences from a redistribution of assets amongst

Simplifying a complicated time

Pursuing divorce is a difficult time for anyone, especially if that person is considering the extended time it will take to settle a divorce with all of its necessary considerations. If you’re thinking about a divorce, contact a divorce attorney who specializes in high asset property division.

Recent Posts

  • How child support works in high-income situations
  • Here are some tips for negotiating your divorce settlement
  • How visitation fits into a child custody plan
  • How can I tell my children about our divorce?
  • Thinking about the future during divorce property division

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • April 2020
  • March 2020
  • June 2019

Categories

  • Child Custody
  • Divorce
  • Firm News
  • Uncategorized

RSS Feed

Subscribe To This Blog’s Feed

FindLaw Network

Contact Us

Silliker & Reinhold Law Office

5922 Linglestown Road
Harrisburg, PA 17112

Silliker & Reinhold Law Office
Map And Directions

Contact

Phone: 717-671-1500
Fax: 717-671-8968

  • Follow
  • Follow
Review Us
  • Follow
  • Follow
Review Us

© 2021 Silliker & Reinhold Law Office. All Rights Reserved.

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters