High Asset Divorce in Pennsylvania

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High asset divorce in Pennsylvania can cause a divorce and the matters that follow (equitable distribution, support) to become very complex. It is additionally very difficult when dealing with an entire family as maintaining the standard of living can cause issues.

During your initial consultation with an attorney, you should consider the lifestyle you and your family have maintained up until this point. If your family is accustomed to private school, nannies, living in certain communities, etc. then it will be important to uphold this standard when one parent moves into a second home.

You should also start gathering copies of your financial records. It is advisable to obtain copies of all bank, credit card, mortgage, loan, insurance, and other documents of this type for the past five years. During both equitable distribution and support their will be phases of discovery where the opposing party will request this information to ascertain an accurate understanding of your financial situation.

If you own a business, you should begin to think ahead in order to protect it. When you meet with your attorney, you should absolutely address methods and tactics to protect your business.

Finally, you should begin to familiarize yourself with tax implications during support and equitable distribution matters. Knowing how tax works between ex-spouses, with alimony, and with support can be a beneficial bargaining chip for you in the future.

If you are living in the Pittsburgh, Pennsylvania area and are planning to or have filed for divorce, you need an experienced attorney by your side! Contact our offices today to schedule a consultation with one of our skilled family attorneys.

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