Reviews

Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Cliffeton green

Oct 30, 2018

Very professional knows what he\'s doing. Very good with people.

Karen Young

Oct 30, 2018

Mr. Russo gives very solid business guidance. He clearly understands the law but, more importantly, the needs of a business ...

Heather E Steavens-Jones

Oct 30, 2018

If you want a lawyer to give you guidance with your interests as a priority then Pete Russo is the ...

Tami Johnson

Oct 30, 2018

Pete and his team were exceptional in helping my husband and I buy our first small business. Couldn\'t have ...

Lori Keim

Oct 29, 2018

Peter is knowledgeable, caring and honest. I have found his advice to be more focused on what is right for ...

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Cherished personal property might lead to divorce deadlock

When it comes to defining the marital estate, some couples are quarreling even over freebies like frequent flyer miles. However, considering the emotional strain that a contention divorce proceeding can impose, a free round trip ticket to an exotic destination might be just the thing to start fresh. Unfortunately, it may not come without a fight.

However, valuation issues are not limited to reward programs. Personal property items, especially valuables like art, musical instruments, jewelry or collectible antiques might also become the subject of hotly contested property division disputes. Although a spouse may request an appraisal and seek monetary compensation for his or her share of an item, Pennsylvania family law courts do not necessarily split assets down the line. Rather, under the state’s equitable division standard, additional factors might be considered.

For example, one such equitable factor might be personal property that was selected and purchased exclusively by one spouse. In other words, if both spouses did not participate in acquiring the asset, a court might agree that both spouses might not have an equal claim to it. Additional factors might include whether both spouses worked, and the contributions each made during the marriage to mortgage payments and other expenses.

The same equitable approach might also applied to marital debts. For spouses with unequal incomes, this approach might be likened to America’s progressive tax structure, where a larger taxable base might put an individual into a higher tax bracket, or rate. Such an approach slightly accounts for an individual’s relative ability to pay, based on his or her income.

Source: forbes.com, “Divorce: Who Gets The Air Miles?” Jeff Landers, June 26, 2013