Understanding equitable distribution of marital property in Southeastern, PA

Not every separation or divorce leads to an actual trial through the courts. This is because most of the issues surrounding equitable distribution of marital property for individuals in Southeastern, PA can be handled between attorneys. Otherwise, if clients cannot come to an agreement, the issue may be handled by the court system. To avoid this, many work with their attorneys to come to a mutual decision regarding financial assets, marital property, and other issues that need to be resolved during the dissolution of a marriage.

Attorney Jack A. Rounick of Norristown, PA works closely with his clients to ensure that everything is distributed fairly. Clients must understand that there is a distinction between separate property and marital property. There are several types of assets not deemed marital property, and these may include gifts, inheritance, and property obtained before or after the marriage or separation. In some cases, proof of receipt may be necessary, but this is typically only if the issue goes through the court systems and needs to be handled by a judge. Otherwise, many couples are able to come to agreement with the personal and marital assets that must be divided.

Included in the division of items are financial assets. This may include life insurance policies, bank accounts, retirement accounts, stocks, credit card debts, and other investments that have been made throughout the marriage. Some of these financial arrangements may be or have been prepared prior in a pre-nuptial or post-nuptial agreement that was signed before or after the marriage was established. This can help in reducing some of the complications that may come with the division of financial and assets during divorce.

Attorney Jack A. Rounick in Southeastern, PA encourages individuals to contact his practice to learn about how the courts determine the distribution of marital assets and how many of these issues can be handled outside of the courtroom. Contact him today to discuss your case and determine if he can help in providing effective representation for your specific needs and unique situation.