When you’re going through a divorce, you may run into conflicts regarding how to divide your assets. Married couples are supposed to split their marital assets up during the property division process, but they cannot always agree on how to do it or even what assets are owned. In some cases, one person may intentionally try to keep those assets […]
How is Dissipation Different Than Hiding Assets?
Five Signs of Oncoming Marital Problems
There are many small signs in life that indicate how the future will unfold. If you worry your partner isn’t saying what they truly feel or believe something is wrong with your marriage, then you may need to keep your eyes open. Here are five indicators that there may be problems in your marriage: 1. You and your spouse don’t […]
Seeking To Keep Your Marital Standard of Living Through Alimony
For many people, divorce isn’t about just losing a spouse (whom they may be more than happy to part with) but losing their lifestyle. While divorce can affect everyone financially, it’s often hardest on the lesser-earning spouse, who is still more often than not the wife. Alimony, or spousal support, is intended to help remedy the discrepancy in earning power […]
Do You Have to Sell Shared Property When You Get Divorced?
Going through a divorce is difficult emotionally, mentally, and financially. When you have worked hard to build up significant assets with your spouse, you’re going to want to make sure your share is protected. One asset that many couples have is property, the division of which can get complicated. The situation divorcing spouses find themselves in is wondering whether they […]
When Should You Litigate a Divorce?
Divorce has long lost most of its social stigma, but has it also lost all its rancor, as well? In the past, it was common to think of divorce as a largely adversarial situation, with both parties aiming to “win” in the proceedings. Now, it’s an era that focuses more on communication, co-parenting and even “conscious uncoupling,” divorcing spouses often […]
Understanding the Financial Impact of a Gray Divorce
Divorce can happen at all ages. Even individuals who have been married for several decades may discover they are no longer happy in their marriage. Today, people over age 50 are divorcing more and more often, and, as a result, the term “gray divorce” has been created to describe this. Those going through a gray divorce face unique issues compared […]
Should You Keep the House in Your Divorce?
Divorce is never an easy decision. The decisions you make during the divorce can have lasting effects on both parties, especially regarding issues such as deciding who gets to keep the house. If you’re on the fence about keeping or selling your home, here are a few things to consider. The pros and cons of keeping the house in a […]
Child Support Orders Are Enforceable in Utah
The switch from a double-income to a single-income household after divorce can make it difficult or even impossible for one parent to handle everything alone, more so from a financial perspective. Therefore, it can get pretty frustrating when your co-parent fails to pay child support as ordered by the court. Fortunately, court-ordered child support orders are not optional and can […]
How Much of Your Retirement Savings Will You Lose in a Divorce?
When you file for divorce, you likely accept that you will lose some of your personal property. Under the equitable distribution rules applied in Utah divorces, you and your spouse both have an interest in marital income and any other assets acquired during your marriage. The longer you remained married and the closer you are to retirement age, the more […]