Since its inception, the Patient Protection and Affordable Care Act, commonly referred to as the Affordable Care Act (“ACA”) and “Obamacare,” has been a lightning rod for controversy. The ACA took center stage before the United States Supreme Court (again) in early March, when the nine Justices heard oral argument in King v. Burwell, a highly anticipated and potentially consequential case. » Read More
In Pennsylvania, and many other jurisdictions, property owned jointly by a husband and wife is held as tenants by the entirety. This means that the husband and wife are considered as one, and in order to execute on property held as tenants by the entirety, there must be a joint judgment against both husband and wife. Stated another way, a creditor may not attach entireties’ property to satisfy the debt of one spouse. » Read More
Divorce is one of life’s most difficult obstacles. As a recent Superior Court case reminds us, however, it can be further complicated by the death of one of the spouses. Up until 2005, Pennsylvania law provided that when a spouse died during the pendency of a divorce action, the divorce action would automatically stop with the economic issues between the spouses addressed under estate law. » Read More
There are a few areas of potential conflict and misunderstanding that may arise during the separation and divorce of high-net-worth couples. Please click here to read an article I co-authored for the Journal of Financial Service Professionals, that discusses several areas of concern where cooperation and guidance from financial and legal advisors may offer a more attractive and concise resolution.