Understanding Your Rights and Responsibilities
In Pennsylvania, dividing real estate assets during a divorce can be complex. The key is to understand your rights and responsibilities as both parties.
The Types of Real Estate Assets That Will Be Divided
- Primary Residence
- Second Home or Investment Property
- Realty Held in Trust
- Business Interests
- Real Estate Investments (e.g. REITs, Rental Properties)
The Division Process: How It Works
Dividing real estate assets typically follows a standard process:
- Consult with an attorney who specializes in divorce and real estate law
- Come up with a plan for dividing assets
- Attend mediation or negotiate with your spouse
- File a petition with the court to formalize the division of assets