assets

What Happens to Assets and Debts in Divorce?

By |June 16th, 2016|Categories: Uncategorized|Tags: , , , , , |

People fight about two things in divorce: kids and money. People fight over these things because their ultra-important. Nothing is more important than ensuring children are taken care of in a healthy, nurturing environment where they can grow up and be successful. And to create such an environment, you need money. You need money for a [...]

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Who Gets the Wedding Ring(s)?

By |December 23rd, 2015|Categories: Uncategorized|Tags: , , , , |

People fight about two things in divorce: money and kids. On the money side, people will fight about some interesting things. Once, I had to divided cows. I've even divided a lawn gnome collection. No fight, however, is as silly as a fight over wedding rings. Now, there are times when it's advantageous to recite statutes [...]

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Art is a Martial Asset in Utah

By |March 10th, 2015|Categories: Property Division|Tags: , |

Many Utah artists might be surprised to learn that their artwork is considered a part of the marital assets and is therefore included in consideration of any relevant divorce proceedings. Spouses may retain a half-interest in any artwork created during the marriage, including copyright, or may receive residual income for a specified period of time as [...]

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The Division of Marital Property in Utah

By |February 18th, 2015|Categories: Property Division|Tags: , , , |

While many divorcing Utah couples hope that the process will unfold amicably, matters can sometimes become contentious. Positions can often become entrenched when the matter of child custody or visitation is addressed, and some couples find it difficult to agree on how marital property will be divided. If you are considering a divorce, it may be [...]

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Property Division in Utah

By |September 25th, 2014|Categories: Property Division|Tags: , , , , |

The great state of Utah requires an equitable division of marital property between two hearts that no longer beat as one. What the state determines as equitable may not always be equal. Courts instead look for what is fair. Many factors go into such a decision including the length of the marriage, the age and health [...]

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Dividing Marital Assets and Debt not Always Easy for Utah Spouses

By |August 22nd, 2014|Categories: Property Division|Tags: , , , |

Though the decision to divorce isn't likely an easy one to make, figuring out how to make life work post divorce can be even harder. Being prepared for life after divorce often starts with deciding how to divide marital assets and debts. For some Utah couples, this is easy to figure out, but for others, money [...]

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Think Long-Term Financial Goals when Dividing Marital Assets

By |August 1st, 2014|Categories: Property Division|Tags: , |

Going through divorce, many couples may just want to get it over with and could end up settling with an agreement that, in the long-run, isn't the best for them. Numerous couples may assume that divorce is a finite event. However, in truth, the consequences of divorce can be felt for a lifetime, particularly pertaining to [...]

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What to Do with the Marital Home during Property Division

By |July 17th, 2014|Categories: Property Division|Tags: , |

Couples in Utah facing divorce may have a lot of questions relating to what they are entitled to and how to divide assets. Property division can create a lot of conflict in an already tense situation. One of the biggest questions couples have regarding property involves what to do with the marital home after divorce. Every [...]

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Liquidating Marital Assets Creates a Taxable Event

By |June 19th, 2014|Categories: Property Division|Tags: |

There are so many things to consider when getting a divorce that it can seem overwhelming at times. Figuring out post divorce finances is a significant concern for most Utah couples, and determining what to do with marital assets is certainly one of those areas that can take a lot of time and negotiation to find [...]

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How are Marital Assets like Pets Divided in A Divorce?

By |April 26th, 2014|Categories: Property Division|Tags: |

Many Utah married couples may be living what they believe to be the perfect life. They have the perfect job, spouse, great children and loyal pets. Sometimes, though, the dream fades and each starts to talk about divorce. Arguments may start about who will keep the house, who will get custody of the kids and how [...]

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