Pennsylvania has certain laws that help determine who gets what during a divorce. Though these issues can be less problematic for those with fewer assets, if you have a lot of assets they can create some unique hurdles.
FindLaw takes a look at some tips for handling high asset divorces, which can have its own unique set of problems to overcome in addition to the usual struggles involved with divorces. The first tip is to keep track of the assets you actually have. This can get more confusing depending on how many sources there are. For example, assets will include retirement funds, savings accounts, businesses, and anything inherited from others after their passing. Knowing exactly what you have will allow you to avoid complications if more assets are found after divisions are finalized.
Though your spouse and the courts need to know everything in detail, the second tip involves keeping outsiders from knowing your information. This includes friends or family, who can be notified after the divorce is finalized but should not be privy to sensitive financial information regardless of their closeness with you. You can even ask for documents to be sealed in court, which prevents everyone but the related parties and court to view them.
Finally, it is advised that you seek the assistance of an attorney. Because of the complex nature of asset division and the laws tied to it, making mistakes can be costly, time-consuming, and even illegal in some cases. It may be better to have a professional on your side who knows what they are dealing with.
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