When a Pennsylvania spouse has concerns over the possibility that their marriage could be heading for divorce, one of the primary worries involves how marital property will be split. This is not an insignificant concern, as the financial ramifications of a divorce can have lasting effects on one's future financial stability. One of the best ways to address the issue of property division is to schedule an initial consultation with a divorce attorney.
Before the appointment, it is important to prepare in order to make the most of the experience. The attorney will need to know the basics of why the marriage may be heading towards divorce. In addition, he or she will need to understand the financial standing of the family as a whole, as well as how earnings and assets are divided between the parties. Income is an important topic to discuss, as it affects the amount of child and spousal support that a party can expect to pay or receive.
In addition to income, it is also important to bring in an outline of existing debt. Debt is divided during a divorce in much the same way as assets, and the attorney can help estimate what portion of existing debt each party may be expected to accept as a part of the final divorce settlement. It is not necessary to come to the initial consultation with exact numbers, but having a breakdown of assets and debts with estimated values and balances is extremely helpful.
The initial consultation with a Pennsylvania divorce attorney offers a chance to get answers to any questions one may have concerning property division. It also serves as a means of assessing whether or not that particular attorney will be a good fit for your needs. It is important to select a professional that you feel is able and willing to give your divorce the time and attention that is needed.
Source: Huffington Post, "Making The Most Of Your Consultation With A Divorce Lawyer," Lisa M. Gregg, March 14, 2013