Pottstown Attorney Handling Property Division in Divorce
In today's economic climate, selling the family home during a divorce is a big challenge. Many properties are under water, or mortgaged for more than they are worth.
Property division is very difficult now. Before the downturn, the family house was definitely on both spouse's "must have" list. These days even well-maintained homes take longer to sell.
I am attorney Peter J. Dolan, founder of Dolan Law Office, LLC.
Dolan Law Office LLC can offer your families constructive alternatives in property division. As an experienced lawyer, I offer families flexible and creative solutions during these challenging times.
Contact me at my law offices in Pottstown, Pennsylvania, for an initial consultation with a qualified lawyer. Call toll free 866-664-8002 or fax my office at 610-906-1575,
Dividing Marital Assets and Liabilities
Dividing what you own together (community property) is one of the most difficult aspects of divorce.
I recommend starting with a list of marital property such as home furnishings, retirement accounts and valuables, including fine art, antiques or fine jewelry. If you have difficulty establishing a value for these items, I recommend having them professionally appraised.
A business valuation promotes fair and equitable distribution of assets.
Selling the biggest asset you own — your home — is very challenging in today's economic climate. Some of the alternatives I recommend include:
- Short sales: selling the home for less than it is worth, walking away with no further debt obligation
- Staying in the home until it sells
- Chapter 7 Bankruptcy: solution of last resort when all other resources have been exhausted
Divorcing spouses also need to divide debt, such as installment loans, credit cards, student and car loans. Typically, responsibility for the student loan is allocated to the spouse who took out the loan.
Putting Your Children First
My goal is to help you work through these thorny issues with as little anger as possible. It comes down to economics. If you fight in divorce, it costs much more to get divorced.
Your children will be in your life forever. An amicable settlement is less stressful for them, and helps both of you move on to your new life faster.
Contact me at Dolan Law Office, LLC in Pottstown, Pennsylvania, for an initial consultation. I offer attorney fee options, including hourly or percentage-based payments. Call toll free 866-664-8002 or fax 610-906-1575.
