EMY A. Cordano Attorney at Law
On ‘Prenups’, And Why They Are So Important In Today's World
In order to make sure your prenuptial agreement is well crafted and compliant with the law, you will want to consult an experienced divorce attorney to help you out.
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The American Academy of Matrimonial Lawyers recently performed a survey of their members regarding prenuptial agreements . The survey uncovered two interesting pieces of information: 63 percent of respondents said that they saw an increase in prenuptial agreements in their casework over the last three years. 46 percent of respondents said they noticed more women requesting a prenup. The survey provides some very interesting information regarding the way people are thinking as they enter marriage. It used to be that prenuptial agreements were considered taboo; that even considering one was a harbinger … READ MORE

Whether it is a child’s first choir concert or a senior’s last high school football game, feelings of nervousness and excitement fill the air. Kids are anxious to show their stuff and often love being cheered on by their parents from the audience or stands. While children feel an array of emotions during these events, divorced parents may understandably be in the same boat, but for much different reasons. These kinds of events often force exes to join together in order to support their child . This can obviously be difficult if the … READ MORE

Maybe you love the house you’ve shared with your soon-to-be ex-spouse, or maybe it’s haunted with painful memories, or maybe the mortgage and general upkeep are things you’re happy to leave behind. In any case, Utah spouses who are going through divorce will want to weigh their options carefully in matters of property division . For example, sometimes spouses agree that selling the home they shared is a good way of making a clean break. In this case, it is still important to take into account certain costs associated with the sale, such as working … READ MORE

In Utah, couples seeking a divorce are required to complete an orientation course, as many of our readers know. The purpose of the education course is to help parents understand the divorce process and its alternatives. Topics covered in the course include strengthening a marriage, resolving child custody and support issues outside of litigation, the consequences of divorce, and alternative processes for working out disagreements in divorce. While many see the requirement as just a hoop to jump through, one which will have little effect on most of its participants, … READ MORE

Becoming a stay-at-home parent is a big decision, not only because it means giving up income, but also because it means giving up actively building experience in the work world. Leaving the workforce may be a good decision for children and for a family, but it can have unintended consequences for the spouses who chooses to do so if the marriage comes to an end. A spouse who has been out of the workplace for a significant amount of time and who has low earning capacity typically receives compensation in … READ MORE

Utah, like most states in the nation, subscribes to the principle of equitable distribution in dividing marital assets . Equitable distribution, rather than dividing marital assets 50/50, attempts to divide them in a way that is fair and just given the circumstances. Various factors are taken into account when determining what constitutes an equitable distribution of marital property, including the length of the marriage, the financial resources of each spouse, the contributions of each to the marriage, and each spouse’s earning potential after the divorce . Dividing liquid assets is relatively easy compared to … READ MORE

Before you know it, your kids will be in college and you will be searching for ways to pay their tuition. Some Salt Lake City parents are lucky enough to have saved enough money to cover at least some of these bills. But what happens to this money if you decide to divorce? Furthermore, how do parents split the costs associated with college, such as buying books or furnishing a student dorm? These are all things that need to be discussed during the divorce process. Before going into a divorce, it’s important … READ MORE

Each state has its own rules about divorce . Perhaps the most important difference is in property division; some states are community property states, others are equitable distribution states. Utah belongs to the latter group, but property division is a subject for a future post. The difference we want to talk about here is with waiting periods. There is a difference between the residency requirement and the waiting period. The residency requirement in Utah is three months. One or both spouses must reside in the same Utah county for three months to be … READ MORE

If you and your spouse recently decided to informally or legally separate, it is important for you to take a few pieces of straightforward advice into consideration. True, you are likely receiving loads of unsolicited and unwanted advice from loved ones, colleagues, acquaintances and strangers. You can take or leave this advice as you please. But when it comes to choices that could ultimately affect your divorce process, should you ultimately decide to file for divorce, it is important to keep a few tips in mind. First, understand that you … READ MORE

Protecting one’s assets from divorce is an important aspect of preparing for marriage in Hollywood and for an increasing number of couples, even those with modest wealth. Most people are aware of the use of prenuptial agreements for this purpose, but another potential way to protect one’s assets is to place them in an asset protection trust. Asset protection trusts can be executed overseas or in the United States. In the latter case, they are referred to as domestic asset protection trusts. These trusts work by allowing the creator of … READ MORE