Marriage between two people is often described as the joining of two lives. The joining of two individual's lives often involves the merging of bank accounts, debts, real estate property and families. Some individuals may find the negotiations of property division difficult in the divorce process. Once a divorce decree issued, individuals may need additional legal counsel from a skilled Pennsylvania attorney involving important legal documents that may mention a former spouse.
Does debt play a role in a high asset divorce?
In Pennsylvania and across the country, many married couples have disagreements about money. These disputes can get heated when the debts start to accumulate. A recent study suggests that married couples who fight about finances may be at greater risk for divorce, and that can even apply to couples who may be headed for a high asset divorce.
Does social media affect a high asset divorce?
Social media has changed our lives over the last couple of decades. It makes it easy for any resident in Pennsylvania to make connections to people on one's street of residence and as far away as another continent. Because of what appears to be happy pictures posted on social media and people typically enjoying their best moments, many might consider social media to only have a positive impact on people's lives. One attorney in another state claims that social media is often a factor in a high asset divorce and therefore might be a negative impact on many people's lives.
2019 tax changes to affect high asset divorce negotiations
There are many things to consider when contemplating a divorce. Individuals often worry about where to live, finances, relationships and custody of children following a high asset divorce. In addition to how a divorce will affect their daily lives and routine, individuals in Pennsylvania must now consider how a divorce will affect their taxes.
