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Even though Pennsylvania law does not mandate a 50/50 division of marital property, in practice, a 50/50 division is quite common. If the divorcing spouses have similar incomes from their jobs and the marital assets include a home and modest retirement accounts, the courts will often order a 50/50 division.
This means that you are entitled to a docHub portion of all savings, retirement funds, real estate, vehicles, jewelry, and other assets accumulated from your spouses income, even if you did not work at all during the marriage.
A marital separation agreement, also known as a property settlement agreement, is a written contract dividing your property, spelling out your rights, and settling problems such as alimony and custody.
Marital settlement agreements, also known as divorce settlement agreements, marital termination agreements, separation agreements, or stipulations of settlements, are written contracts between divorcing spouses of their responsibilities and rights after divorce. Once formed, both parties are legally bound to them.
A settlement agreement is not a mandatory document in all divorce cases; however, if the parties are divorcing by mutual consent (i.e., an uncontested, no-fault divorce), a marital settlement agreement is required in most Pennsylvania counties.

People also ask

All debt accumulated during the course of a marriage is called marital debt. Pennsylvania is an equitable distribution state, which means you and your ex may both be liable to pay for any mortgages, loans, credit card balances, and tax obligations.
DURATION OF ALIMONY If the marriage is three (3) years or less, alimony would be unlikely unless there was a compelling situation. For example, if a spouse contributed to the other spouses education during this time, the court may consider an award of alimony for the contributing spouse.
Pursuant to section 3501(a) of the Pennsylvania Divorce Code, all debt acquired from the date of marriage, until the date of final separation, including credit card debt, is marital debt. No matter which party opened or used the credit card, credit card debt from the date of marriage, until the date of final
Pennsylvania is known as an equitable distribution state and not a community property state. Our courts divide marital property and debts based on the principles of equity. That means it is in the discretion of the court to divide marital assets and marital debts as it sees fair.
Who Gets the House in a Divorce in PA? The short answer is either party could get the house in a Pennsylvania divorce. The judge could order the parties to sell the house and split the net proceeds after the mortgage and any home equity loans are paid off.

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