Marital property or the marital estate includes all property acquired by either party during the marriage until time of separation. increases in value of certain non-marital property also may be part of the marital estate, but the rules regarding this are beyond the scope of this this entry. It is important to know what constitutes your marital estate because that is the whole of what gets divided subject to the Pennsylvania laws of equitable distribution.
There are different types of assets that fall into the general category of marital estate. Broadly these assets are: Financial this includes financial assets such as bank accounts, investments, such as stock and bond holdings; Personal Property such as, furniture, art, cars, and yes, pets; Real Property such as the family home any vacation home, time share or investment property; Retirement Benefits such as, a pension, IRA, 401Ks, profit sharing plan or any other deferred compensation plans; and Business Interests
In Pennsylvania, as in most states, assets are divided equitably, which means in a fair manner. This could mean fifty/fifty (50/50), but not always. Depending upon the circumstances, one spouse may get a slightly different percentage, such as 55/45% or 60/40% . A range of circumstances determine the percentage proportion of equitable division.