What Are the Laws in Pennsylvania About How Marital Property Will be Distributed After Divorce?
In Pennsylvania, a judge will divide the marital property equitably after considering all relevant factors including: (1)The length of the marriage; (2) Any prior marriage of either party; (3) The age, health, station, amount and sources of income, vocational skills, employability, estate, liabilities and needs of each of the parties;(4) The contribution by one party to the education, training or increased earning power of the other party;(5) The opportunity of each party for future acquisitions of capital assets and income; (6) The sources of income of both parties, including, but not limited to, medical, retirement, insurance or other benefits;(7) The contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property, including the contribution of a party as homemaker; (8) The value of the property set apart to each party;(9) The standard of living of the parties established during the marriage;(10) The economic circumstances of each party at the time the division of property is to become effective; (11) The Federal, State and local tax ramifications associated with each asset to be divided, distributed or assigned; (12)The expense of sale, transfer or liquidation associated with a particular asset; and (13) Whether the party will be serving as the custodian of any dependent minor children. (Pennsylvania Statutes Title 23 Section 3502)
