On average, an individual going through a divorce will spend about $15,000 in legal fees. A person who is ending a marriage in Pennsylvania or anywhere else may turn to a personal loan to cover that expense. This may be an ideal solution because lenders may allow a person to borrow up to $50,000 or more at one time. Furthermore, personal loans can come with lower interest rates than credit cards or other sources of funding.
Many spouses in Pennsylvania are wary of the financial impact of divorce. Separation could be particularly difficult for couples who have been married a long time or have a significant amount of investments. However, these issues can go far beyond the immediate division of assets at the end of a marriage. Divorce can have an effect on each spouse's credit score, especially if they do not take action to protect themselves when negotiating the dissolution of the relationship.
When people in Pennsylvania notice long-term problems in their marriage, their thoughts may turn to divorce. While divorce is quite common and around 2 million Americans choose to end their marriages every year, many people know little about how the process actually works. As a result, they may have a number of fears about what the experience will be like. By learning more about how a divorce proceeds, people can prepare for the next steps of the experience and emerge more secure and successful.
Pennsylvania business owners considering divorce may find themselves wondering how they can protect their investment in the enterprise and emerge from the end of the marriage with a fair deal. One of the most important pieces of information that can allow a business to be handled properly in a divorce is an accurate valuation, including the assets, liabilities, contracts and future growth of the company. Understanding the numbers can help ensure that the negotiations proceed on clear and straightforward grounds.
Combining incomes and sharing most bills such as rent, mortgage, car payments and more can undoubtedly save you money while married. It is one of the conveniences of having a partner. However, it can be easy to forget how to scale-down and live independently again after a divorce. Women are especially vulnerable to crippling finances when frequently custody orders are granted to the mothers.
Fans of Grey's Anatomy tuned into a full-scale custody trial last week as Callie and Arizona battled over their daughter, Sophia. For those unfamiliar, Callie and Arizona are the parents of an 8 year old child whom they have shared custody of since their divorce on the prime time medical drama based in Seattle. Recently, Callie's girlfriend received a job offer in NYC precipitating Callie's request to move with the child. Nearly a full episode was dedicated to a custody trial as a judge heard testimony from witnesses and determined whether the child would relocate with Callie to NYC or remain in Seattle with Arizona. As Grey's has always focused on the medical field, it should come as no surprise that the depiction of a custody trial wasn't quite on the mark, at least based on Pennsylvania Law. Read on to see three things Grey's got wrong:
It is hard to believe that winter is finally nearing its end and the cold temperatures could soon be a thing of the past. But unfortunately, with the end of the cold winter months comes a surge of something most would consider equally as depressing - divorces. A prior analysis conducted by Findlaw.com coined March the "Divorce Month." The article clarified that although January is still the month where divorce numbers really start to increase, March is actually the month where the number of divorces peak. Why is the start of a new year such a trendy time for married couples to seek a divorce? According to Findlaw.com, one possible reason could be that couples prefer to stay together for the sake of the family during the holiday season. Or perhaps the reasoning is as simple as avoiding the tax consequences associated with changing your marital status prior to the end of the year.
Divorce might be easy? Well, when it is difference between an annulment and a divorce, an annulment is much harder to get. There are two categories of marriages for which an annulment may be sought in Pennsylvania. The first are marriages that are void by their existence. The second are marriages that are voidable upon action be either party.
When most individuals think of payments made from one spouse to another in connection with divorce proceedings, most immediately think of the term alimony. Alimony is one form of spousal support in Pennsylvania; however, there are also two others, spousal support and alimony pendente lite. Which one a dependent spouse receives depends upon which stage the parties are at in their Pennsylvania divorce proceedings.
What happens in equitable distribution if one divorcing spouse has a pension?