Category: Marital Property

How is Marital Property Different from Community Property?

June 28, 2010 | Divorce, Legal Perspective, Marital Property

Icon for author Brian Vertz Brian Vertz

In Pennsylvania, marital property is divided in a process known as equitable distribution. The method prescribed by the Divorce Code is a “dual classification” equitable distribution scheme because marital property is distinguished from nonmarital or separate property (terms which are used interchangeably). In other jurisdictions governed by an “all-property” equitable distribution scheme, the divorce courts do not distinguish between marital and nonmarital property. Pennsylvania does not recognize community property, which […]

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New Case Law – Business Valuation in Divorce

Two articles from BV Wire recently caught my attention. Both deal with business valuation in divorce cases where personal goodwill was an issue. I will post my own analysis soon. Meanwhile, here are excerpts from BV Wire’s blast email, published by BV Resources. Med practice valuations still plague appraisers—and the courts A trio of new divorce cases highlights the constant challenge of appraising medical practices, everything from doctors who won’t […]

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