We know that divorces are hard, and few things make them tougher than figuring out who gets what. It is one of the most common things people think of when the think of divorce.
Not only is asset and property division legally complex, but it can become emotional. There is no way around the fact that both sides are going to lose things that they want to keep. So, what is the best way to handle this?
When you need an Avenues asset and property division attorney, turn to experience. Emy A. Cordano, Attorney at Law, will provide you with the help you need to get through this process.
Utah law requires that both sides reach an equitable division of all marital property. That sounds difficult, and it can become even harder when you consider that it is not always clear what is marital property and what is not marital property. It also does not mean that there will be an even 50-50 split between the spouses.
For uncontested divorces, the process will be smoother. Unfortunately, not all divorces are uncontested.
One important factor to take into consideration is the length of the marriage. Generally, the shorter the marriage, the easier it is to separate property. A couple may not have had a bunch of time to accumulate joint property.
Longer marriages pose a different set of circumstances. Think about all of the following that must be settled:
If there is a dispute over any of those items, the family court may have to decide who gets what. The splitting of assets and property in an equitable fashion can be hard.
For example, if both parties want to keep the marital home, there is a problem. The court may force a sale of the home and have the profits split between the two spouses. If one party wants the home but the other does not, the party staying will have to buy out the other and pay them off.
We want to mention that any jointly acquired debt must also be split during the divorce process.
Please remember that even after assets are distributed and settled, there may still be alimony payments required from one spouse to the other.
Whether your divorce is contested or uncontested, it is a good idea to seek legal assistance. Emy A. Cordano, Attorney at Law, will work with you to make sure you are being treated fairly throughout this process. There is no reason to make divorce harder than it already is by fighting over property without an experienced attorney by your side.
When you need an asset and property division attorney in the Avenues, you can contact us by clicking here or call us at 801-804-5152 for a free consultation. We know this is a hard time in your life, so let us help you get to the other side of it.