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Asset Division in a York Divorce

How Marital Assets are Distributed in Lancaster, PA

When a couple divorces, any assets accumulated during the marriage must be fairly and equitably distributed. This can include:

  • Houses
  • Cars
  • Jewelry
  • Bank accounts
  • Pensions
  • IRAs
  • Real Property
  • Stocks
  • Bonds

It may also be necessary to distribute assets related to a business or partnership. Asset division can easily become complicated, especially in high net worth divorces. If you are considering a divorce, contact a York divorce attorney for sound advice regarding property division.

Ilkhanoff & Silverstein is a respected family law firm that has over four decades of litigation experience. We have provided capable legal assistance to many clients seeking to end their marriage, and can confidently guide you through the divorce process. Attorneys at our firm know how to catalogue and value assets, and will ensure your interests are protected.

Divorce Lawyer in York

The court prefers that couples seeking a divorce work out their own agreements regarding asset distribution, support and child custody. When there are conflicts that can't be resolved, the court will step in and make a decision in the matter.

Several factors will be considered when deciding how to divide assets, including:

  • The duration of the marriage
  • The health and age of each spouse
  • The standard of living established during the marriage
  • The contributions made to the marriage by each spouse
  • Each spouse's income and personal property
  • The future earning potentials of each spouse
  • Tax obligations
  • Where minor children will reside

Property excluded from distribution includes gifts received from a third party and inheritances. If property cannot be transferred from one spouse to another, the court may order monetary compensation instead. Attorneys at our firm can help mediate asset distribution with your spouse, as well as provide effective representation at your divorce hearing. We are former directors of the family law section of the York County Bar Association and are highly knowledgeable in divorce laws and how to fairly divide assets.

Contact a York divorce attorney from Ilkhanoff & Silverstein for qualified advice on asset distribute and how to equitably divide your property.

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