What Does Divorce Mean For Your Property And Assets?
The end of a marriage will bring significant changes, but it is possible to reach a financial resolution that allows stability and security well into the future. In consultation with the client, Margaret Phiambolis develops a strategy to reach the client’s goals for division of marital property. With more than 25 years of experience in family law, attorney Margaret Phiambolis delivers legal services diligently and efficiently when dealing with complex divorce-related concerns.
With few exceptions, marital property is any wealth accumulated or property purchased over the course of the marriage. Pennsylvania is an equitable distribution of property state, which means the courts will attempt to reach a fair, though not necessarily equal, distribution of all marital property. Ms. Phiambolis thoroughly reviews the important facts of each case and utilizes her knowledge of applicable divorce laws to help her clients reach sound solutions to division of property.
Discuss property division concerns with an experienced family law attorney. Call our firm in Montgomery County at 215-664-7764 to make an appointment for a complete case assessment.
Your Current Needs And Long-Term Well-Being
Whether it is in negotiations for a settlement or in litigation, Ms. Phiambolis skillfully advocates for her clients’ interests in property division, including for:
- Home and personal assets: Each party has a claim to a fair share of equity in the home, which is also subject to equitable division of valuables collected during marriage. It is prudent to weigh the benefits and tax implications of retaining certain assets.
- Long-term savings and retirement: Retirement accounts saved over the course of the marriage are subject to division, and each party has a claim to a fair portion of savings and investment accounts. The goal is an outcome that allows for long-term financial stability.
- Marital debts: Mortgages, loans, student loans, credit card debt and other liabilities are also allocated between the parties during a divorce.
Property division is one of the most complex aspects of any divorce. Margaret Phiambolis thoughtfully guides clients through this potentially difficult and emotionally charged process.