HOW ARE MARITAL ASSETS DIVIDED IN A DIVORCE?
When dividing the marital property in Pennsylvania between the spouses, there is no presumption that the assets will be divided equally. The purpose of equitable distribution is to ensure that the division of the marital property is economically fair based upon the facts and circumstances of the matter. In other words, the assets are divided between the divorcing couple equitably. ^TOP WHAT ARE THE CONSIDERATIONS IN DIVIDING PROPERTY IN A DIVORCE? When determining the division of the assets, the Pennsylvania Divorce Code sets forth the following factors to be considered: The length of the marriage.Any prior marriages of either party.The age, health, station, amount and sources of income, vocation skills. employability, estate, liabilities and needs of each of the parties.The contributions 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
