What inventory must divorcing spouses file in Pennsylvania?
When equitable distribution is raised, each party files and serves an inventory of property owned or possessed at the date of separation, substantially in the Pa.R.C.P. 1920.75 form. The non-moving party has 20 days after service to file its inventory, and no motion for a master or court action on distribution can be made until 30 days after that party's inventory is filed.
Which valuation date applies to marital property in Pennsylvania?
Fair market value, usually as of the date of separation, though Pennsylvania courts may value assets as of a date near the distribution hearing depending on the asset and the dispute. For appreciating or depreciating property, business interests, and collections, which date controls can move the number substantially.
Does the name on a title decide ownership in a Pennsylvania divorce?
No. Real or personal property acquired during the marriage is presumed marital property regardless of how it is titled, so a vehicle, collection, or business interest held in one spouse's name still gets classified, valued, and divided under 23 Pa.C.S. § 3502.
Must every item be valued by an independent appraiser in a Pennsylvania divorce?
No. Pennsylvania practice allows spouses to state values in their inventories, and hiring an independent appraiser is not required for every asset. Expert valuation earns its place when the parties disagree, when an asset is genuinely hard to price, or when a stated value needs to survive cross-examination.