Property Division and Preparing for the Future After a Divorce

A lot of attention has been given to the fact that the number of older divorcing couples around the country, and in Utah, has doubled. With this information comes a focus on the difficulties of property division for a couple that has spent decades together. However, older couples are not the only ones who experience challenges when it comes to dividing marital assets.

Younger couples do not have the same amount of assets or time invested together as do older couples. It is important to remember, though, that any married couple’s finances can become intertwined and, hence, the couple becomes dependent on one other. Separating those assets may not be as easy as just filing for divorce. One such example is a man who deeded his portion of the marital home to his now ex-wife, as part of their divorce settlement. However, the couple’s mortgage lender required the wife to apply for a mortgage loan on her own, before they would agree to release the husband.

No one ever plans to get divorced, but when it happens, it becomes crucial for each party to develop a plan to move forward financially. Preparing for the future after a divorce may include anything from purchasing homes and vehicles to opening individual accounts. This may also include changing beneficiaries on insurance policies, retirement accounts or pensions, and coming up with a financial plan to rebuild those accounts in anticipation of retirement.

Making plans for the future is smart whether married or newly single. Being certain that one has funds set aside for retirement, or for just starting over, is always in a person’s best interest. The state of Utah has basic guidelines in place to help couples with their property division issues, many of which can be handled in a courtroom with proper legal assistance.

Source: Forbes, Saving Your Retirement From A Divorce, Greg Brown, Oct. 21, 2013

Protect Your Money And Your Family

We remove fear associated with divorce, protect your money & maximize time with your kids!

We're here to help. Let's determine your best options.

Call Us 24//7 at 801-685-9999 to Speak with a Live Representative

Utah Divorce FAQs
Top 100 Divorce Blog
What Clients Are Saying…
BrownLaw icon
Excellent
Brown Family Law
Based on 997 reviews
Nick Schwarz, a fantastic attorney, incredibly knowledgeable and caring. Wonderful attitude with clients. Highly responsive, and acts quickly. Never leaves you hanging.
Daniel Young and Carren Leavitt were excellent to work with. It was a very difficult process for me on a personal level and they walked me through each step to a successful outcome I’m very happy with .
Response from the owner:Thank you so much. Glad we could help.
David Handy and his team were fantastic in helping me navigate custody time with my daughter. He gave the me reassurance and encouragement I needed with each step and I couldn't be more grateful to him! Thanks David!
I can’t recommend Nick Schwarz enough. He really cares about his clients, goes above and beyond to exceed expectations and he does extra research to offer insights no one else would think of. I’ve worked with him on several projects in the past and he’s always both very impressive and intrinsically creative. Would recommend him to anyone.
Nick Schwarz and I were colleagues and he is extremely thoughtful and cared about clients. He is an excellent attorney and an even better person. He will make an excellent addition to any case.
Dani is the best paralegal I know. Clear communication, professional, and intelligent.
Paul Waldron offers a competent and mindful approach to navigating family law. Thank you Paul for being an asset in our community that we can all depend on.
Truly so grateful for the care and expertise of Brown Family Law. (Specifically Carren and Daniel) I’ve been going through a really difficult time, and having legal support met with such kindness and understanding meant the world to me. They not only provided excellent guidance, but also made me feel seen and supported. I will always refer people here and am so grateful for the compassion I experienced.
I cannot recommend Attorney Nicholas Schwarz highly enough! He is extremely professional, responsive, and truly dedicated to his clients. What sets Nick apart is not only his deep knowledge of the law, but also the genuine care and compassion he shows for his clients. He takes the time to explain everything clearly, answer questions promptly, and make you feel supported throughout the entire process. If you’re looking for someone who will fight for you while keeping your best interests at heart, Nick is your person!
Nick Schwarz is an outstanding attorney who combines sharp legal skills with genuine care for his clients. He is professional, attentive, and deeply committed to helping families through challenging times. I highly recommend him.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

Categories