Before a divorce can be finalized in PA, the parties must have completed the process of equitable distribution, or the division of marital assets and debts. If the parties can come to an agreement, one way to accomplish this is through a Marriage Settlement Agreement, more commonly referred to as an "MSA."
Generally, one spouse will often list the other spouse as the beneficiary on a insurance policy. Life insurance is often a forgotten asset in many divorce claims. As such, there are several issues that arise during a divorce where a life insurance policy is involved.
Alimony is a payment that one spouse makes to another after a final divorce decree is granted. In Pennsylvania, alimony is not awarded automatically as a right. Instead, the court has discretion over who should get alimony and what amount the alimony should be.