During the course of a marriage couples accumulate assets and debts. All assets, debts, and increase in value of non-marital property will be divided in a divorce. Although this may seem complicated at times, it can be summarized as a three step process: (1) identify each marital asset and debt, (2) determine the value of each marital asset, debt, and increase in value of non-marital property, and (3) determine how each asset and debt will be divided.
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Pennsylvania law does not make the division of assets and debts as simple as 50/50. Levin Hoover works with clients to navigate each step– (1) identification, (2) valuation, and (3) division—in a smart way. Whether the division includes simple assets (like cars and bank accounts) or more complex assets (like stock options and closely held businesses) Levin Hoover has the experience, processes, technology, and relationships with outside professionals to move clients forward.
Most importantly, Levin Hoover is directed by our clients in asset and debt distribution. We do not tell clients what they need but we do help them identify their needs. Levin Hoover gives guidance, and our clients make the decisions on how their case will move forward. This allows clients to make smart decisions to control the timing and cost of their case.