Dividing Property and Debt During Divorce
Property division is a part of any Utah divorce. Whether you have few things or many, you and your spouse must decide who will own what at the end of the divorce. Unfortunately, spouses often spend much more money than necessary fighting over money itself.
An experienced divorce and marital property division attorney can help reduce the cost of divorce by seeking cost-effective and timely solutions to your property division challenges. At Buhler Thomas Law, P.C.., we put more than 20 plus years of experience to work for our divorce and property division clients. Located in Provo, Utah, we represent clients throughout Utah County. Contact us online to discuss your unique divorce issues.
How Is Property Divided in a Utah Divorce?
Under Utah law, divorcing spouses and judges must divide property using an equitable division standard. This does not mean that property division must be equal. Rather, property division must be “fair.” Courts will consider a number of factors when dividing property or determining whether a property settlement agreement is fair, including the length of the marriage, the age, health and occupation of the parties, and each party’s income, among other things.
Therefore, it is up to the parties to provide a complete picture of all financial issues involved in divorce. This may include:
- Valuing your home, real estate or family business
- Determining the amount in each spouse’s retirement accounts
- Acquiring access to all credit and bank account information
- Compiling tax records
- Tracing hidden assets
Attorney Kim Buhler-Thomas can help ensure you provide the documentation necessary to help you paint a full picture of your finances and use it to fight for your financial future.
Representing Clients in Provo, Orem and Throughout Utah County
Unlike child custody and alimony, property division is rarely subject to post-decree modification. In other words, it is vital to get it right the first time. Seek the help of an experienced property division lawyer in Provo, Utah. You can also send us an email.