Navigating the complexities of property division in a divorce can be challenging and emotionally charged. At Schmidt Bresnahan Law Group, LLC, we recognize that property division is a critical aspect of divorce proceedings, and our team of experienced attorneys is here to guide you through it. If you're seeking a Pittsburgh property division lawyer to protect your interests and help you achieve a fair resolution, you've come to the right place.
Call Schmidt Bresnahan Law Group, LLC today at (412) 693-6681 or contact us online to schedule a meeting with our property division attorney in Pittsburgh!
What is Property Division?
Property division is a pivotal component of divorce proceedings in Pennsylvania. It involves the equitable distribution of marital assets and liabilities between spouses. The goal is to ensure both parties receive a fair share of the property acquired during the marriage. However, it's important to note that "equitable" does not necessarily mean "equal." The court will strive to divide property in a just and reasonable manner, taking into account various factors.
Types of Property in PA
Before delving into the intricacies of property division, it's crucial to understand the two main types of property recognized in Pennsylvania:
- Marital Property: This category encompasses all assets and debts acquired during the marriage. It includes real estate, bank accounts, vehicles, retirement accounts, businesses, and personal belongings. Marital property is subject to division during divorce proceedings.
- Separate Property: Separate property includes assets and debts acquired before the marriage or through inheritance or gifts during the marriage. Unlike marital property, separate property generally remains with the individual who owns it and is not subject to division.
It's worth noting that the property classification as marital or separate can become complex in some cases, and our experienced attorneys can assist in determining the appropriate categorization.
How is Property Divided in a Pennsylvania Divorce?
Property division in Pennsylvania follows an equitable distribution model, which means that the court aims to divide assets and debts fairly but not equally. Several factors are considered during the property division process:
- Duration of the Marriage: The length of the marriage often influences how property is divided. Longer marriages may lead to a more balanced distribution of assets.
- Contributions to the Marriage: The court takes into account each spouse's contributions to the marriage, including financial contributions, homemaking, and childcare responsibilities.
- Earning Capacities: The court assesses the earning capacities of each spouse. This may involve considering education, job skills, and future income potential.
- Age and Health: The age and health of each spouse can impact their ability to support themselves financially.
- Custody Arrangements: Custody arrangements may affect property division if children are involved. The court may consider the custodial parent's need for a stable home environment.
- Tax Consequences: The tax implications of property division are also considered to ensure fairness in the distribution.
- Any Marital Misconduct: Pennsylvania law allows for considering any marital misconduct that may have occurred during the marriage, but it is not a primary factor.
Our experienced Pittsburgh property division lawyers will work diligently to advocate for your interests and help you achieve a fair outcome. We will assess your unique situation, gather relevant financial information, and negotiate on your behalf to reach a property division agreement that aligns with your needs and goals.
Contact Our Pittsburgh Property Division Attorney Today
Property division is an essential aspect of divorce proceedings in Pennsylvania, and it requires careful consideration of various factors to ensure a fair and equitable outcome. At Schmidt Bresnahan Law Group, LLC, our dedicated team of Pittsburgh property division lawyers is committed to providing you with the experienced legal guidance and representation you need during this challenging time. Our attorneys understand the complexities of property division and will protect your interests and achieve a resolution that enables you to move forward.
Contact Schmidt Bresnahan Law Group, LLC today to schedule a consultation with our property division lawyer in Pittsburgh!
Heather is very professional.Shaina A.
Heather represented me in a divorce case recently and I feel that she did an excellent job.James T.
She had a sincere interest in my divorce, I wasn't just a client she treated me as family.Former Client
Our Clients Always Come FirstWe take the time to get to know our clients, listen to their concerns and educate them on the process.
Honest RepresentationWe are transparent in our approach and will not give you advice that we would not take ourselves.
Personal Attention & ResponsivenessWe treat each case with extreme attention to detail and maintain open communication so you can always rely on us to be there for you when you need us the most.
An Emphasis on Strong Family ValuesOur firm understands the importance of family values and works to maintain these values while striving for success in each case.