Property Settlement Agreements
A property settlement agreement clearly defines each party’s rights and obligations after a divorce. The lawyers of Shemtob Draganosky Taylor are knowledgeable and forward thinking. When discussing and negotiating the issues in a divorce, they may raise important issues that have not considered. Our attorneys will work with you to protect your rights in your divorce settlement.
A property settlement agreement is the final agreement that is reached between the parties in a divorce. An experienced family law attorney can help to ensure that all important issues are thoroughly evaluated so as to achieve the best result for you, your children and your future.
Property Settlement Agreements
A property settlement agreement is the final agreement reached between you and your spouse. It incorporates your division of assets, child custody, child support and alimony. All of this information is written within the property settlement agreement and incorporated into your divorce decree. The agreement ultimately becomes enforceable as a court order.
3502. Equitable division of marital property.
(a) General rule. – In an action for divorce or annulment, the court shall, upon request of either party, equitably divide, distribute or assign, in kind or otherwise, the marital property between the parties without regard to marital misconduct in such proportions and in such manner as the court deems just after considering all relevant factors, including:
- The length of the marriage.
- Any prior marriage of either party.
- The age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties.
- The contribution by one party to the education, training or increased earning power of the other party.
- The opportunity of each party for future acquisitions of capital assets and income.
- The sources of income of both parties, including, but not limited to: medical, retirement, insurance or other benefits.
- The contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker.
- The value of the property set apart to each party.
- The standard of living of the parties established during the marriage.
- The economic circumstances of each party, including Federal, State and local tax ramifications, at the time the division of property is to become effective.
- Whether the party will be serving as the custodian of any dependent minor children.
At Shemtob Draganosky Taylor, we provide knowledgeable advice to our clients with regard to prenuptial agreements and postnuptial agreements. These types of agreements can protect people’s rights and expectations in case of divorce. We strive to protect our clients’ interests and help them achieve the protection they desire. Further, if the other party does not live up to the terms of the agreement, our attorneys can help you take steps to enforce its terms. Contact our Blue Bell property settlement agreement lawyers to schedule a personalized consultation.
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