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How Are Marital Assets Valued in Pennsylvania Divorces?

Introduction to Shared Asset Valuation in Pennsylvania Divorces ⚖️ Navigating a divorce in Pennsylvania can be emotionally and financially challenging. A significant aspect of divorce proceedings involves the equitable distribution of marital assets. This process requires a thorough and accurate valuation of all assets acquired during the marriage. Understanding how these assets are valued and divided is crucial for achieving a fair outcome. Pennsylvania is an "equitable distribution" state. This means that marital property is not necessarily divided equally (50/50), but rather in a fair and just manner, considering various factors outlined in the Pennsylvania Divorce Code. Proper asset valuation is the foundation of this equitable distribution. What are Marital Assets in Pennsylvania? 💍 Marital assets encompass all property acquired by either spouse from the date of marriage until the date of separation. This includes: 🏠 Real estate (homes...