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Prenuptial Agreements in Pennsylvania

A prenuptial agreement, sometimes called a “premarital contract” or “prenup,” is a contract made between two individuals in anticipation of marriage.While traditionally used to protect a wealthy would-be spouse, the divorce rates in recent years have led to couples with more modest means to seek the protections of a prenup.

A premarital contract may resolve expenses during marriage, alimony upon divorce and the division of property, assets and debts upon death or divorce.Prenuptial agreements usually address the same issues that would be contained in a divorce order. However, couples can tailor prenuptial agreements to meet their own individual needs. A premarital contract may address one or more of the following subjects:

  • each spouse’s right to property owned by either spouse
  • the division of assets and debts if the couple divorces or either spouse dies
  • either spouse’s entitlement to spousal support or alimony
  • each spouse’s right to buy, use, spend or sell assets during the marriage
  • each spouse’s right to the gifts or inheritances of the other
  • management of a family business
  • each spouse’s entitlement to death benefits from the other’s insurance policy, and
  • any other matter agreed upon by the couple.

Marital property generally includes assets acquired during the marriage and appreciation or income derived from those assets and from separate property. The way an asset is titled does not necessarily determine whether it is marital property or separate property for divorce purposes (note that the rule is different for death purposes). Thus, even if a residence is purchased in the name of one spouse, if it was purchased during the marriage, it will be considered marital property to the extent that it was purchased with funds arising from marital property. Although only marital property is subject to equitable distribution and separate property is not, as noted above, any increase in value of the separate property during the marriage is considered a marital asset. Also, to the extent that separate property is commingled with marital property or used to purchase a joint asset, it may inadvertently be converted into marital property. By entering into a prenuptial agreement, spouses can clearly set forth what property they agree will remain separate from spousal claims.
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Legal

Shortcuts to Parenting Plans

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Parenting plans focus on how a child will be raised and how he or she will spend time and with whom. Drafting parenting plans does not have to be a laboring process. Instead, parents can bypass possible delays in the process by doing the following:

Creating a Comprehensive Plan

Prior to mediation or negotiations between attorneys, the parents may want to draw up their own sample parenting plan. The plan should contain important information such as the following:

  • Designation of physical custody
  • Designation of legal custody
  • School-year schedule
  • Holiday schedule
  • Vacation schedule
  • How future disputes will be handled

Additionally, the parenting plan may also include additional provisions specific to the parents, such as having first choice when childcare is needed or agreeing on the type of communication between the parents. Even if these decisions may change during negotiation, the basic framework will be in place and the parties can focus on discussing just these provisions.

Make a Temporary Agreement

If the parties contest custody decisions, they may still be able to come up with a temporary agreement while the case is pending. Very often, parties may wind up extending this agreement if they see that it is working.

Work/Life Balance

The Importance of Taking Breaks

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Today, everyone’s life is on overload. This makes it more important than ever to take regular breaks. Breaks provide the following benefits:

  • Relaxation – Breaks allow you to take a breather and relax your heart rate and your energy levels.
  • Refocus energy – Breaks let you take a mental breather from a task. This ultimately helps you return to a task refreshed.
  • Boredom prevention – When fatigue starts to set in, you begin to lose focus and may even become irritable. Taking a break helps you start again so that you have concentration on the task at hand.
  • Information retention – Breaks help you retain information and make connections between different concepts and tasks.

Fresh ideas – Often, you just need to take a small break from a task in order to come back with a renewed direction.

OUR ATTORNEYS

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Health

Less than 60 Seconds Health Hacks

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While some healthy habits take a lifetime to achieve, many others only take a few seconds. Here are some quick health habits that you can do today.

Sleep on Your Left Side

Simply rolling over may improve your health. Approximately 80 percent of people who suffer from heartburn experience night symptoms. Sleeping on your right side is associated with relaxing the muscle that keeps gastric acids in your stomach.

Take Six Breaths

When you start to feel angry, upset or stressed, pause for a few seconds. Take six breaths. Take each breath in five second intervals. This easy method can help you control your blood pressure.

Add Ice to Sugary Drinks

Sugary drinks are very addictive and it may not be easy to give them up cold turkey. Help curtail the negative effects of these drinks by diluting them with more ice. The drink will last longer so that you don’t pour a second drink soon after.

Humor

Out of the Mouths of Students
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After Mr. Smith finished his English lecture, Aaron pulled back and waited while the other students shuffled out of class. He boldly told Mr. Smith, “I don’t like that you singled me out like that.” His teacher, flabbergasted, said in response, “What are you talking about.” Aaron haughtily responded, “Well I don’t know what ‘oxy’ means, but I sure do know what ‘moron’ does and you were looking straight at me when you said it.”

On the last day of the school year, Ms. Cherish’s first graders presented her with handwritten letters discussing how great the year was. The emotions of it all get the best of her and as she was choking up she wailed to her students, “I’m having a difficult time reading.” One sensitive student responded, “Just sound it out.”

Adapted from: http://www.rd.com/funny-stuff/funny-teacher-stories/

Fields of Law

Here’s an overview of the fields of law our attorneys practice.

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