Equitable Distribution Attorneys Norristown, PA
Skilled Pennsylvania Family Lawyers Helping You Divide Shared Businesses in Divorce in Montgomery County or Bucks County, PA
Many couples in Pennsylvania share businesses and professional practices. When they divorce, those shared businesses may be divided equitably under Pennsylvania law. At Rubin, Glickman, Steinberg and Gifford, our attorneys are experienced in determining when a business must be divided and in the valuation and division itself.
Businesses are carefully examined during divorce. Not only may they be divisible as marital assets, but they may also provide income for spousal support.
We have handled numerous complex and high-asset divorces in Montgomery and Bucks counties. Our experienced lawyers provide each client with the highest level of service and precision as we protect your assets and secure your financial future.
Will Our Business Need to Be Divided at All After Our Quakertown Divorce?
In a Pennsylvania divorce, property is categorized either as marital or separate. Marital property must be divided equitably, which does not necessarily mean 50/50. The law defines marital property as assets that were acquired between the date of marriage and the date of separation, as well as the increase in value of separate property that took place during the marriage. It does not matter whether that property is titled in only one spouse’s name.
A prenuptial agreement can exclude the business from division in divorce. Any such agreement will be scrutinized for issues such as lack of disclosure.
How Is an Equitable Distribution Determined in Pennsylvania Divorce Cases?
- The length of your marriage.
- Each spouse’s current income.
- Each spouse’s earning potential.
- Each spouse’s contributions to the marital estate.
In Pennsylvania, issues of fault, such as infidelity, are generally not taken into consideration during the division of assets.
The attorneys of Rubin, Glickman, Steinberg and Gifford stand ready to assist you with the determination of whether your business is fully or partially marital property. We will then work to negotiate a favorable division that protects your interests and those of your business.
Getting Divorced in PA? Schedule Your Free Initial Consultation with an Experienced Newtown Equitable Distribution Lawyer
Do you operate a family business, professional practice or other concern that may be divided in your divorce? Contact Rubin, Glickman, Steinberg and Gifford today by telephone at 215-822-7575 or 800-358-9367 or online. Our office is conveniently located right off of Route 309, in Colmar, Hatfield Township, and nearby parking is free.