As Pennsylvania Divorce Lawyers, we are frequently asked questions regarding entitlement to alimony. Alimony in Pennsylvania is only available when "economic justice and the reasonable needs of the parties cannot be achieved by way of equitable distribution, or the division of marital assets and debts." An Alimony award is determined after an analysis of statutory factors. If after an analysis of the factors, the Court determines that it is necessary to provide the one party with sufficient income to obtain the "necessities of life." It will award an alimony amount. The purpose of alimony is to attempt to ensure that a spouse who is unable to support himself/herself are provided with reasonable needs.
After property is divided in a divorce either by Marriage Settlement Agreement or by the court, the final step is to ensure that property is properly distributed. Although it is relatively simple to divide tangible assets such as cars and houses, problems sometimes arise when parties have significant assets such as retirement accounts. When a retirement account such as an IRA or 401K or other investment account is divided between parties who are divorcing in Pennsylvania, a Qualified Domestic Relations Order (QDRO) is often required.
Written by: Lisa Marie Vari on Google +