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Property and Asset Division Attorneys
If you are going through a divorce or separation in the Poconos, MHK Attorneys is here to help you navigate the complexities of property and asset division. Dividing assets and property can be one of the most contentious aspects of a divorce, and you need experienced attorneys to protect your interests and ensure a fair distribution.
Understanding Property and Asset Division
Property and asset division refers to the process of dividing marital property and debts between spouses during a divorce or separation. In Pennsylvania, marital property is typically divided equitably, meaning fairly, though not always equally. This includes homes, vehicles, retirement accounts, investments, and personal property accumulated during the marriage. Non-marital property, such as assets acquired before the marriage or through inheritance, generally remains with the original owner. Our attorneys will help you understand what is considered marital property and how to secure a fair division of your assets.
Legal Rights for Property and Asset Division in the Poconos
Under Pennsylvania law, property division during a divorce is based on what is deemed equitable rather than equal. The court will consider factors like the length of the marriage, the contributions of each spouse, the economic circumstances of both parties, and the future needs of each spouse. MHK Attorneys will work to protect your legal rights and ensure the division of property reflects your fair share, whether through negotiation or litigation.
With MHK, it’s Simple Getting Started…
STEP 1
File your claim
Submit your claim and let us handle the rest.
STEP 2
We take charge
We take action to ensure your rights are protected.
STEP 3
We advocate
We fight tirelessly on your behalf for the best outcome.
Why Choose MHK Attorneys for Your Property and Asset Division Case?
At MHK Attorneys, we specialize in family law, including property and asset division. Our skilled attorneys will advocate for your interests and ensure that your assets are divided fairly. We will:
- Help identify and value all marital assets and debts, including hidden or hard-to-find assets.
- Guide you through negotiations or mediation to reach a fair settlement.
- Represent you in court if a fair resolution cannot be reached outside of litigation.
Compensation for Property and Asset Division
During the property and asset division process, you may be entitled to compensation or an asset allocation that reflects your contributions to the marriage, including:
Real Estate – The division of homes, land, or other real estate, with considerations of market value, equity, and mortgages.
Retirement Accounts and Investments – Division of pension plans, 401(k)s, IRAs, and other retirement accounts.
Business Interests – If one or both spouses own a business, its value and potential income will be considered in the division process.
Personal Property – Distribution of personal property such as vehicles, furniture, jewelry, and collectibles.
Debt Responsibility – Clear allocation of responsibility for marital debts, including mortgages, credit cards, and loans.
Meet Our Divorce and Family Law Attorney
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