Parties sometimes settle their economic
issues out of court using Separation Agreements. A Pennsylvania
divorce attorney would define a Separation Agreement as a Contract
between the parties that determines post-marriage rights and liabilities.
Property Division in Courts in Pennsylvania
is determined by Equitable distribution. The Court uses statutory
factors to determine equitable distribution.
A Court will generally not divide
the Separate Property of the spouses. Separate property is property
acquired before marriage or acquired during marriage by one spouse
as a gift, bequest, or inheritance. However, a court can take
into consideration the amount of separate property a spouse has
as a factor in distributing marital property.
Marital Property is any property
of the spouses acquired during the marriage, as well as gifts
between spouses during marriage, and the increase in value of
separate property during marriage.
Courts in PA have the discretion
to place a value on the parties’ property and to distribute
the assets equitably.
Regarding Equitable Distribution in Pennsylvania,
below is an abbreviated and very summarized version of part of
what the Pennsylvania Pa.R.C.P. and/or Pa.C.S.A. provides. (Please
note that this content may not be continuously updated, and thus
may not contain the most recent updates and/or revisions of the
Pennsylvania laws and supplemental information. This information
is provided for overview and information purposes, and is not
meant to be legal advice. It is always best to consult with an
experienced family law attorney, who utilizes much more than
the following information, including caselaw, statutory law,
and other resources to provide legal advice.):
§ 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:
1. The length of the marriage.
2. Any prior marriage of either party
3. The age, health, station, amount and sources of income,
vocational skills, employability, estate, liabilities and
needs of each
of the parties.
4. The contribution by one party to the education, training
or increased earning power of the other party.
5. The opportunity of each party for future acquisitions
of capital assets and income.
6. The sources of income of both parties, including,
but not limited to, medical, retirement, insurance or
other benefits.
7. 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.
8. The value of the property set apart to each party.
9. The standard of living of the parties established
during the marriage.
10. The economic circumstances of each party, including
Federal, State and local tax ramifications, at the time
the division of
property is to become effective.
11. Whether the party will be serving as the custodian
of any dependent minor children.
(b) Lien.-The court may impose a lien or charge upon
property of a party as security for the payment
of alimony or any other
award for the other party.
(c) Family home.-The court
may award, during the pendency of the action or otherwise,
to one
or both of the parties
the right
to reside in the marital residence.
(d) Life insurance.-The court may direct
the continued maintenance and beneficiary
designations of existing
policies insuring the
life or health of either party which were
originally purchased during the marriage
and owned by or within
the effective control
of either party. Where it is necessary
to protect the interests of a party, the court
may also direct
the purchase
of, and beneficiary
designations on, a policy insuring the
life or health of either party.
(e) Powers of the court.-If,
at any time, a party has failed to comply with an order
of equitable
distribution,
as provided
for in this chapter or with the terms
of an agreement as entered into between the
parties, after hearing,
the court may, in addition
to any other remedy available under this
part, in order to effect compliance with
its order:
1. enter judgment;
2. authorize the taking and seizure of
the goods and chattels and collection
of the
rents and profits
of the
real and personal,
tangible and intangible property of
the party;
3. award interest on unpaid installments;
4. order and direct the transfer or
sale of any property required in order
to
comply with the court’s
order;
5. require security to insure future
payments in compliance with the court’s order
6. issue attachment proceedings, directed
to the sheriff or other proper officer
of the county,
directing that
the person named
as having failed to comply with the
court order be brought before the court,
at
such time as the
court may direct.
If the court
finds, after hearing, that the person
willfully failed to comply with the
court order,
it may deem the person
in civil contempt
of court and, in its discretion, make
an appropriate order, including, but
not limited
to, commitment
of the person to the county jail
for a period not to exceed six months;
7. award counsel fees and costs;
8. attach wages; or
9. find the party in contempt.
For more information on equitable
distribution, please contact Pittsburgh Pennsylvania divorce lawyer
Bethany
L. Notaro, Esquire.