South Fayette Divorce Lawyers
Divorce: Negotiating Settlements
In most divorce cases, attorneys informally provide one another documents regarding their clients’ marital assets and debts on their way to negotiating a financial settlement.
The parties have a legal obligation to share all relevant information prior to resolving their economic claims, including:
-Bank accounts
-Retirement accounts
-Investment portfolios
-Mortgage statements
-Credit card statements
If a financial settlement is reached, the attorneys will draft a marital settlement agreement or consent order of court resolving economic claims.
If necessary, we will also draft deeds transferring ownership of the residence and documents necessary to divide retirement accounts.
Spivak Law Firm handles all areas of family law, including divorce, spousal support, alimony, dividing assets and debts, child custody, and child support.
To schedule a consultation, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.
Divorce: Refinancing the Marital Residence
The marital residence often represents the greatest asset in a divorce. Some people sell the home and divide any proceeds remaining from the sale. In other cases, a decision will be made for one of the spouses to remain at the property after the divorce is finalized.
If both spouses are listed on the mortgage, it will be necessary to refinance the loan. Under a refinance, the spouse who stays at the marital residence will become solely liable for the mortgage and all fees related to the property. The lending institution will approve the refinance in most cases involving a good credit history.
Spivak Law Firm provides strong, compassionate, cost-effective representation in all divorce and family law matters. To schedule a consultation, call us today at (412) 344-4900 or toll free at (800) 545-9390.
Divorce: Dividing Marital Debts
When dividing a marital estate, it is important to value all of the assets accumulated during the marriage.
It is equally important to value all of the debts, which may include mortgages, car loans and school loans.
Credit cards comprise the most common debt in most divorce cases.
For many people, separating the credit-card debt is key to reaching a resolution on economic claims. If possible, they may attempt to pay off all credit-card debt as part of the divorce settlement in order to get a fresh start in their new lives.
Spivak Law Firm provides smart, compassionate, cost-effective representation in all family-law matters, including: divorce, child custody, child support, spousal support, alimony and Protection From Abuse (PFA).
For more information, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.
Divorce Waiting Period Reduced
The Pennsylvania State Senate recently passed an amendment reducing the separation period for no-fault divorces to one year. Prior to this amendment, if your spouse would not consent to a divorce, you had to wait a period of two years before requesting a final decree.
Once Governor Wolf signs the bill, the reduced waiting period will take effect within 60 days. However, the reduced waiting period will only apply to divorces filed after the effective date of the law. It is not retroactive.
If your spouse will not consent to a divorce, and you have not yet filed, you may consider postponing filing until the law goes into effect.
Spivak Law Firm handles all areas of family law, including: divorce, child custody, child support, and Protection from Abuse (PFA) hearings. To speak with an experienced family law attorney, call Spivak Law Firm at (412) 344-4900 or toll free at (800) 545-9390.