High-Asset Divorce Lawyer in Johnstown, PA

One of the most contested issues in divorces is the equitable division of marital property. And if your case happens to involve high assets, the matter is likely to be that much more challenging. Turn to our experienced Johnstown high-asset divorce lawyers at Silverman, Tokarsky & Forman, L.L.C., for the help you need.

The Fair Division of Marital Assets

In a Pennsylvania divorce, those assets that were acquired during the marriage, regardless of by whom,  are considered marital property that must be divided between the spouses fairly. This does not change in response to high assets, but the fact of high assets can certainly make equitable property division more difficult to resolve.

The kinds of factors that are taken into consideration when determining what’s fair in relation to the unique case at hand include all the following:

• The length of the marriage
• The standard of living achieved during the marriage
• Each spouse’s age and overall health
• The contributions either spouse made to the other’s earning potential
• Any financial obligations either spouse has regarding a prior marriage
• Each spouse’s current income and earning power
• The tax consequences of the proposed property division
• Any attempt by either spouse to cheat the other out of their fair share of the marital assets
• Each spouse’s separate assets and liabilities

Related Complications

There is a range of complications that can relate to high-asset divorce.

The Valuation of Complex Assets

Before marital property can be distributed between divorcing spouses equitably, values must be assigned to each asset. Simply attaching numbers to high-value assets can become very complicated very quickly. When it comes to complex assets, such as executive-level benefits or a business, there is plenty of room for big differences to arise, even when valuation professionals are involved.

Hidden Assets

The more complicated your finances and the higher your marital assets, the greater the potential for hiding or otherwise obscuring assets. This can put you at a serious disadvantage if you are less involved in the financial end of things, and it highlights the importance of having trusted legal guidance on your side from the start.

Identifying Separate Property

Those assets that either spouse owned when they got married and kept separate during the marriage are considered the separate property of the original owner. Any commingling of marital and separate property, however, can erase or weaken the distinction between them. Business ownership can be especially tricky in terms of what is separate and what is marital in a Pennsylvania divorce.

It’s Time to Consult with Our Experienced Johnstown High-Asset Divorce Attorneys

Our knowledgeable Johnstown high asset divorce lawyers at Silverman, Tokarsky & Forman., have reserves of experience carefully protecting our clients’ financial rights in challenging cases that involve complex assets and high value. We are on your side and here to help, so please don’t put off contacting us online or giving our firm a call at 814-536-8600 today.