When you are happily married, you may decide to place inherited assets into joint names. When your marriage is over, will you regret doing so? Before you inherit, read this. Your inheritance is your separate property whether you inherited the funds before, during or after your marriage. However, while there can be some exceptions, if you … Read more
You do not need to be wealthy to need prenup. What you do need is something you want to protect. Ask yourself— Is my income much higher than my fiancé’s? If the income disparity between you is great or you anticipate that your income will grow at a much faster rate, you have exposure for … Read more
Pamela worked hard to earn her retirement. In her opinion, much harder than her husband, John, who was more focused on spending rather than saving. Now that John has decided to end the marriage, Pamela dreads the idea of giving him a dime from her retirement. Let’s look at her options. Pennsylvania is an equitable … Read more
When you hear a couple is divorcing, one of the first questions people ask is “who is keeping the house?” Clients rarely ask the question that way. They more often ask, should I keep the house? Indeed, that is the better question because keeping the house is not always a good thing. Couples hardly ever … Read more
The stress of divorce can cause you to make some big financial mistakes. Face it, it is hard to think clearly when you are scared, angry, frustrated and/or worn down. You are getting unsolicited advice from those around you or you are isolated and do not know where to turn for advice. Here are five mistakes … Read more
On February 20, 2018, I appeared on the KDKA Radio Show Divorce Total Talk hosted by Nan Cohen answering listeners’ questions about divorce. Listen in! Listen to a prior show.
We all know assets get divided in a divorce. That is step two in equitable distribution. The first step is putting a value on all the assets. That is where appraisals may come into play. When it comes to real estate, an appraisal may be in order. However, a practical tip before spending hundreds of … Read more
The topic of bonuses is so broad it can easily fill two blog posts. In my first post about bonuses, I focused on how bonuses play into the determination of interim support and child support. Now, I discuss how bonuses play into equitable distribution. If you are the dependent spouse, you are always better off with the … Read more