In Utah divorce cases, assets must be divided equitably. Equitable means fair. In some cases, it is fair to divide property equally. For example, in a long-term marriage in which both spouses have similar incomes, property may be divided 50-50. In other cases, however, it may actually be fair for one spouse to get a larger portion of the property.
At Greenwood Associates in Provo, our attorneys are committed to getting you a fair outcome. With 30 years of divorce and family law experience on our side, we know the nuances of asset division and can help you get your fair share no matter how large or small the marital estate may be.
Equitable Distribution Explained
Because Utah follows an equitable distribution model rather than a strict community property rule, the court is not required to split everything down the middle. Instead, it aims for a fair result based on the facts of your marriage. Marital property generally includes assets and debts acquired during the marriage, while separate property typically includes assets you owned before the marriage or received individually by gift or inheritance.
Identifying and Protecting Your Property
Dividing a marital estate starts with a complete and accurate picture of what exists. We help you account for the family home, vehicles, bank and investment accounts, retirement and pension benefits, business interests and debts. We pay particular attention to identifying and protecting your separate property so it is not improperly swept into the division. These questions can become complicated when separate and marital assets have been commingled over the years, and we are skilled at untangling those situations.
Contact our firm today and schedule a consultation to discuss your property division matters.