Wilmerding Asset Distribution Attorney
People, for most of their lives, work and invest in building wealth and preparing for a good life after retirement. However, all of the hard-earned fruit of your years of labor could be for naught if one cannot correctly manage these assets in relation to marriage. That is why you need the service of an experienced asset distribution attorney to help you deal with the effects of divorce on your properties.
Even the most seasoned investors make mistakes in protecting their assets within their marriage. This could inevitably result in the horrible consequences of losing to scams or falling stock value. A skilled asset division lawyer could help stop that and more from happening.
When a marriage fails, the damage is not just targeted on the emotional aspect of your life. On countless occasions, one spouse’s financial well-being can be badly hurt after a divorce. If you don’t acquire the much needed professional service of an asset distribution attorney, chances are unfavorable ruling will fall upon you. Your assets may be divided improperly, and you’ll end up losing more than you can handle.
It is just wise for anyone to take the necessary steps to protect their assets. With Voelker Kairys & Morris, we guarantee full legal protection and justifiable asset distribution between you and your former spouse.
Contact us at (412) 693-6655 for a free initial consultation with a Wilmerding asset division lawyer now.
Before ultimately dividing your assets and properties, there are a number of things you carefully do to make the process become less of a hassle. Among these is asset identification.
To start, make a list of all your properties and identify which ones you and your spouse own jointly and individually. In the future, when sorting out who gets what, making a list will make it so much easier.
Even if an asset is only under one spouse’s name, remember that it is still possible for it to be subject to distribution decided by the court. It is best to keep track of whose name is on what. Everything with monetary value should be on that list—houses, investments, bank accounts, businesses, furniture, motor vehicles, patents and copyrights, art, and retirement accounts.
To better identify and monitor your assets, work with a skilled asset division lawyer.
When someone acquires assets after their separation with their spouse, those assets are usually exempt from distribution during divorce. This is the reason why you should remember your date of separation from your former spouse.
Additionally, you should take note that couples are already considered separated when they start to begin living apart from each other. This means that you and your spouse no longer present yourselves as a married couple, and you no longer attend functions like you’re still together.
Make notes of the dates you acquired properties after the separation and keep the receipts. If a dispute arises in court regarding a certain asset, this may come in handy, as you may need to prove the acquisition date.
Figuring Out the Asset Designation
In the process of property division, an asset’s designation plays an essential role. Under the divorce law of Pennsylvania, a property is characterized as either marital property or non-marital property.
Marital properties are subject to distribution, while non-marital properties aren’t. Figuring out which assets are characterized as such will mean which properties you will get to keep or not. The name under which property is owned does not necessarily determine a property’s designation as marital or non-marital. For example, if a house purchased during the marriage is in only one spouse’s name, the law will likely consider it part of the marital estate.
For a thorough understanding of how your assets can be classified, it is recommended to talk to a Wilmerding asset distribution attorney.
Determine the Property Values
Determining the worth of each of your assets is essential. The court will consider your assets’ value to decide how to divide your properties equitably.
You’ll need to find out the current value of all your assets like bank accounts, businesses, expensive personal properties, and houses. Some properties may pose challenges, and you may even need professional appraisers to calculate their market value.
It would be a lot better for you to talk to an expert asset distribution attorney in Wilmerding, PA, to help you understand the asset distribution process. With a professional, you can properly take the necessary legal steps to manage your assets based on your circumstances. Also, your lawyer can help you work out any disagreement and will commit to helping you attain favorable results.
Top Pittsburgh Asset Distribution Attorney
Frustration may occur, and financial difficulties may follow the inadequate protection of your assets. It would benefit you to work with a skilled asset division lawyer to ensure that you and your assets are protected.
Voelker Kairys & Morris can provide you with some of the best asset distribution attorneys in Pittsburgh, Pennsylvania. Each lawyer in our team is highly knowledgeable in Pennsylvania state law and is guaranteed to advise you on the most effective route you can take in building a strong case to keep the assets you deserve. Assuredly, we will accompany you in taking each of the necessary steps to achieve equitably divided properties after your divorce.
With Voelker Kairys & Morris working with you, settlement processes for your assets will be the least of your worries. Rest assured that with us, you will be at a legal advantage, and your interests would be a priority for our experts. Choosing our asset division lawyers can ensure you a future with little to no financial worries after a failed marriage.
Talk to Us
Taking care of your financial well-being is important to Voelker Kairys & Morris. We know that after an unsuccessful relationship, lost assets will be the last thing you’ll want to deal with. Accept our service and start protecting your properties with us.
Reach the best asset division attorneys in Pittsburgh, Pennsylvania, by calling Voelker Kairys & Morris at (412) 693-6655 for a free initial consultation today.