Separate Property and Debt
Bucks County · Montgomery County · Philadelphia County · New Jersey - Divorce and Property Division Lawyers
Property division in divorce can become especially complicated when debt is to be divided.
At Zlock & Snyder, P.C., we help clients in complex property division matters involving separate property and debt. Contact our firm at 267-772-6111 to schedule a free initial consultation where we can discuss your divorce and property-division related concerns.
What is Separate Property?
In the equitable distribution of property, it is necessary to distinguish between separate and community property. Separate property includes:
- Property owned prior to the date of marriage
- Property acquired by gift or inheritance and designated to individual spouse
When separate property is comingled with community property (property owned jointly by both spouses), it may be considered community property. Property division becomes complicated when retirement funds, mortgages, and marital debt are to be divided.
My Assets Are Comingled with My Spouse's. Can My Property be Divided?
Dividing property becomes more complicated when:
- There are multiple titles
- One spouse's name is on a mortgage and the other holds the deed
- Separate property has generated community property
When assets are comingled, there are multiple approaches to property division. Our attorneys have expertise dividing property for clients of varied incomes, including high-net worth individuals. We can help you to determine an approach to property division that considers your credit history, financial obligations, and real-world responsibilities.
Contact Us
For more information about dividing property in divorce, call our law firm at 267-772-6111 or contact us online. We represent clients in Pennsylvania and New Jersey.
Evening and weekend appointments are available.
We are available 24 hours a day.
We accept Visa, MasterCard, American Express and Discover.
