Property Division

Divorce is an inherently complex process for most couples. However, by definition, a complex divorce involves substantial assets or high-income for one or both spouses.  Complex divorces usually include the division of professional practices, family-held businesses, large estates, and marital assets with a high valuation. Even when both spouses are willing to cooperate, these divorces […]

Obtaining a professional degree is hard work that requires dedication and sacrifice, not only for the student but also for their spouse. Not to mention, it can also be quite costly and burdensome on the family budget. The courts realize that some spouses put their loved one through an expensive and time-consuming degree program only […]

Any legal matter involving the family can be complex and stressful, and a successful resolution comes from having the right information. At Petrelli Previtera, LLC, our blog aims to provide clients, colleagues, friends and family with tips and advice they can use in the real world, so they can live their best lives. As we […]

Money troubles can put a strain on even the happiest of marriages. Couples who regularly argue about money and debt are statistically more likely to divorce than couples without financial problems. However, divorce doesn’t make the debt go away. How can you prevent your marital debt from affecting your future? Protect Yourself During Divorce With […]

Retirement assets are marital property in Pennsylvania. If you and your spouse are divorcing, you will need to divide your 401(k), pensions, and other retirement assets. A qualified domestic relations order (QDRO) is the legal order you’ll need. A QDRO establishes a spouse’s right to receive a percentage of a qualified plan’s account balance or future […]

When you’re working out the terms of your divorce, it may seem like everything in your life has to be divided. Splitting up retirement plans has its own slew of complexities, including adhering to federal guidelines and taking on possible tax-related consequences. You and your soon-to-be-ex can save yourselves a big headache if you can […]

Dividing property is one of the biggest issues a couple must address when going through a divorce.

I tried to use my debit card to pay my bills and it was declined. When I called the bank, I found out that all of my accounts were frozen because my soon-to-be ex-spouse is listed. I really wasn’t expecting this. I received an ATRO from the court. What is it and how will it […]

Dividing Investment Accounts The division of assets is one of the most complex aspects of a Pennsylvania divorce. Some assets are easily divided. For example, savings and checking accounts can be split in two. However, retirement and investment accounts are different; dividing these accounts can result in penalties or tax consequences. You want to protect […]

How Divorce Impacts Retirement You’ve worked hard to plan for retirement. However, now that you are divorcing, your retirement funds may be marital property. You’ll need to divide retirement assets as part of the equitable distribution process. Distribution of Retirement Benefits A few of the most common benefits likely to be distributed are: 401(k) and 403(b) […]