Helping You Achieve Your Goals During Divorce
Divorce crosses all socioeconomic lines. We have seen this in our family law practice, representing clients with modest incomes as well as high-asset individuals such as doctors and executives.
If you are considering a divorce, you need experienced counsel as soon as possible, regardless of the size of your marital estate. At McMorrow Law, LLC, we have the experience to guide you through divorce, whether you choose collaborative law or mediation, a privately negotiated settlement or traditional litigation. Our experienced divorce attorneys will listen to your concerns and ensure that they understand your specific needs and goals before taking action.
Property Division, Separation And Spousal Support
One step in the divorce process is property division. In Pennsylvania, the court strives for equitable division of the marital assets, which could include the home, personal property, furnishings, financial accounts, insurance policies and investment accounts. Debts, including mortgages, auto loans, credit cards and taxes must also be divided. It is important to realize that equitable does not necessarily mean 50-50, but instead means “fair” and is based on 11 factors under the law.
Because of our experience with high-asset divorce, we work with financial experts and business valuation experts in complex property division of assets such as:
- Businesses and professional practices
- Stock portfolios
- Deferred compensation plans
- Retirement accounts and pensions
- Vacation property
- Gas and oil rights
In Pennsylvania, there is a minimum 90-day wait from when the other party accepts service of the divorce complaint to proceed with finalizing the divorce. During this waiting period, outstanding issues such as support, asset and debt division, and child custody can occur if both parties agree to do so.
If one party contests the divorce, there is a one-year separation period. There are a lot of misconceptions about separation, but we can explain how it applies to you.
We will also protect your rights regarding paying or receiving spousal support, alimony pendente lite or alimony. We understand that it must be fair and reasonable for each party.