Liquidating assets divorce
Pennsylvania is a state that practices "equitable distribution" of marital property during a divorce.
The means the court looks at everything that is considered within the marital estate and makes a determination, based on a list of factors under the law, what would be a fair division of property.
He has bartered settlement agreements in multimillion-dollar estates, litigated the most complex issues in property division, and solved deadlocks through arbitration.
He can represent the high-income breadwinner or the stay-at-home spouse.
“Otherwise, it will be considered a full distribution of those assets, and there will be tax consequences.” The best way to go is with a direct transfer of assets from one IRA to another, says Tracy Stewart, a CPA and CFP professional whose practice focuses on divorce issues.