Divorce Archives

Is it possible to run a business with your ex?

It is probably technically and legally possible to own and run a business in partnership with your ex-spouse. As long as he or she could legally sign a partnership contract or assume ownership of an LLC or corporation, then you could continue to be partners in business after the end of your marriage.

Can you keep your divorce from destroying your finances?

When you make the decision to get divorced from your spouse in Pennsylvania, chances are one of your first concerns is securing your finances and preparing for a future as an independent person. Because your finances can undoubtedly be shaken from the process of separating from someone you shared money with for a length of time, it is imperative that you begin making preparations right away so you can work to rebuild your financial foundation. 

Reviewing the factors behind the rewarding of alimony

As you enter into your divorce proceedings in Wyomissing, you may already be planning on being rewarded alimony due to your ex-spouse being in a better financial position than you are. Many that we here at Huckabee Weiler & Levengood, P.C. have the same expectation, yet are later disappointed to learn that simply not making as much money as their ex-spouse does not automatically qualify one for alimony. Spousal support is not meant to punish one for being more economically advantaged than their ex-spouse; rather, it is intended to only be a temporary source of assistance until one side of a divorced couple can enjoy the same standard of living achieved during the marriage. 

How both contested and uncontested divorces work

Pennsylvanian residents have numerous options available to them when it comes to calling it quits with a significant other. Today, we will take a look at two: uncontested and contested divorces. Each one can benefit different couples in unique ways, though they also have their own drawbacks.

Make the terms of your financial trust clear

The specter of divorce leads many Pennsylvania couples to fear for their money or property. Can they safeguard their belongings from being divided up in a divorce? The dividing line between separate and marital property is not always clear. Putting your assets in an irrevocable financial trust is one way to possibly avoid losing them in a divorce, just as long as the terms of that trust are clear.

Taxes and the changing face of divorce

For many decades now, countless divorces in Pennsylvania have been finalized in which one spouse was ordered to pay alimony to the other spouse. These payments are often regarded as a support to the person who has a lower income and designed to allow them time to transition to being able to fully provide for themselves financially after the divorce. 

What happens to home equity when you divorce?

As someone currently making your way through a Pennsylvania divorce, you are probably experiencing considerable upheaval in your life, and your separation may affect everything from where you live to how often you see your children. While there are numerous matters you and your soon-to-be-former spouse will need to work through, one of the more significant matters you will need to address will involve what is going to happen to your shared home.

What are the signs your spouse is hiding assets?

If you are getting a divorce in Pennsylvania, one of the most trying parts of the process is dealing with your marital assets. You will need to split them between you and your spouse. If you fail to come to an agreement, the court will divide your assets. While many times, the process goes smoothly, there are sometimes when a spouse tries to hide assets. Knowing the signs of this beforehand can help you to uncover if your spouse is trying to hide away money so you do not get your fair share.

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Huckabee, Weiler & Levengood, P.C.

1136 Penn Avenue
Wyomissing, PA 19610

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