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(801) 254-9450 (801) 254-9450 At Carr | Woodall, we specialize in property division cases in South Jordan, Utah. Our team of experienced divorce attorneys understands the complexities involved in dividing marital property during divorce.
With our extensive knowledge of Utah’s property division laws, we strive to protect our clients’ interests and ensure fair distribution of assets. To speak to an experienced South Jordan property division lawyer, give us a call today.
When it comes to property division, Utah follows the principle of equitable distribution. This means that marital property is divided fairly, but not necessarily equally, based on several factors. As your trusted South Jordan property division lawyer, we will work closely with you to analyze your unique situation, assess the value of your assets, and develop a comprehensive strategy tailored to your needs.
In many property division cases, negotiation and mediation can be effective methods to reach a mutually agreeable settlement. Our skilled attorneys will advocate for your rights and interests during these processes, striving for a favorable outcome that minimizes conflict and saves both time and money. We will guide you through negotiations, ensuring that your concerns and priorities are addressed.
In situations where negotiation and mediation are not successful, our experienced litigators are prepared to represent you in court. We will diligently advocate for your rights, presenting compelling arguments and supporting evidence to the judge. With our knowledge of Utah property division laws and courtroom experience, we will strive to achieve a fair resolution that protects your financial future.
Determining the value of assets is a crucial aspect of property division. Our South Jordan property division lawyers work with trusted professionals, such as appraisers and financial experts, to accurately assess the value of various assets, including real estate, investments, businesses, and retirement accounts. This comprehensive approach ensures that all marital assets are properly evaluated, ensuring fair distribution.
At Carr | Woodall, we understand that property division can be challenging. Our compassionate attorneys provide personalized attention and support throughout the process, keeping your best interests at the forefront. We will tirelessly advocate for your rights, striving to secure a property division outcome that safeguards your financial well-being and future.
It is essential to understand that equitable means fair division, but it might not mean equally divided property between the parties. Circumstances could determine the fair outcome for one person to receive more than the other.
First and foremost, it is worth noting that not everything owned by a spouse during a marriage is treated as marital property. Some individuals retain sole ownership of assets despite being married, especially when they owned them before the wedding. Before a judge will split these assets, they must first identify what is jointly owned by the parties.
The courts must consider a variety of factors during this process. Some examples include the length of the marriage, the age and health of each spouse, and the income both parties can earn independently. Considering all of these factors, the judge must determine what is fair.
The value of some property is more challenging to identify than others. For example, an in-depth system determines a vehicle’s worth based on its make, model, age, and condition. While pinpointing the value of a car or truck might be straightforward, this process can be far more complicated for rare art or commercial property.
When it comes to high-value or uncommon property, having the support of a South Jordan property division attorney is critical. The right legal counsel can arrange for experts or appraisers to evaluate a unique asset and identify its worth. This process is important as incorrect valuations can lead to an unfair split of marital property.
State law clearly outlines how judges divide marital property during divorce proceedings. However, it also allows two people to alter their rights regarding the assets they share during marriage. This is possible through marital contracts like pre-nuptial agreements.
When two people sign a prenuptial agreement before getting married, they set certain expectations for how their marital property should be divided—even if this outcome differs from how the courts typically divide it. Prenuptial agreements are allowed in Utah as long as they are fair and not entered into through fraud or duress.
One of the more complicated assets the court could be required to deal with is retirement accounts or pensions. If these accounts are paid into during the marriage, a judge will likely order them divided between the parties.
When both spouses have their own retirement accounts, it is not uncommon for a judge to have each individual person keep their own. When only one spouse has a pension, things become more complicated.
Judges try to keep retirement accounts in the hands of the spouse who contributed to them. That does not mean they are not used to factor into the final property division order. A common approach for this issue is to allow the person who paid into the pension or account to keep it but to award other assets of equal value to their spouse. Given the complex nature of liquidating or dividing retirement accounts, it is crucial to speak with a property division lawyer in South Jordan about your options.
If you are facing a property division matter in South Jordan, Utah, it is essential to have a skilled and experienced lawyer by your side. Contact Carr | Woodall today to schedule a consultation with our South Jordan property division lawyers.
We are committed to providing you with the legal guidance and representation you need to navigate the complex process of property division. To speak to an experienced South Jordan property division lawyer, contact us online today.