Find out how to decide who will be responsible for what debt after a divorce by consulting our best divorce lawyers in Salt Lake City today. Tax and retirement plan issues during a divorce are equally important to consider. These and many more factors are vital to consider during a divorce in order to shield yourself from unnecessary tax issues.
If your spouse has accumulated retirement savings during the marriage, you may be entitled to half of the savings. Call our offices at or fill out this contact form. Please leave this field empty.
In cases where no premarital agreement exists to guide the division of assets, the court will determine how the assets and possessions should be divided, just as it would for marital property. In fact, even if you do have a prenup, there are certain areas where the court must nonetheless intervene.
Utah Divorce Source: Utah Property Division
For example, prenuptial agreements are not allowed to include any stipulations regarding child support , healthcare coverage for children, or the costs of childcare like daycare, food, and clothing. How Property is Divided in a Divorce in Utah. Equitable Distribution vs. Community Property States There are two systems of property division in the United States: equitable distribution, and community property.
For example, the judge will weigh: The age and health of each spouse, which impacts earning ability and medical expenses. The duration of the marriage. What sort of job, if any, each spouse has. What sort of income, if any, each spouse earns. Marital Property vs.
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This means both spouses are equally liable for debts. In most cases, this includes unpaid balances on credit cards, home mortgages and car loan balances. An offer of membership in our legal plan is not an endorsement or advertisement for any individual attorney. The legal plan is available in most states. Disclaimer: Communications between you and LegalZoom are protected by our Privacy Policy but not by the attorney-client privilege or as work product.
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Community Property States vs. Common Law
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Diving Marital Property
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