Think Long-Term Financial Goals when Dividing Marital Assets

Going through divorce, many couples may just want to get it over with and could end up settling with an agreement that, in the long-run, isn’t the best for them. Numerous couples may assume that divorce is a finite event. However, in truth, the consequences of divorce can be felt for a lifetime, particularly pertaining to finances. This is why Utah couples may want to carefully consider future financial goals before dividing marital assets.

Obviously, not all assets have significant financial value, but those that do should not be given away without serious thought. Some spouses may have specific ideas in mind for how they think the marital property should be divided. However, this mindset isn’t always productive. Keeping the focus on post divorce finances can help spouses achieve a settlement that sets them up for future financial success.

The division of marital assets can be handled in a few different ways, including litigation, mediation, collaborative divorce services and direct negotiation. No matter which way is chosen, every divorce eventually gets resolved. As every couple’s circumstances are different, having so many options for seeking solutions to divorce will help in coming to terms that serve the best interest of both parties.

While divorce can be emotionally traumatizing for Utah couples, which make it difficult to keep long-term goals in mind, creating clear objectives for the future can help in achieving a fair settlement. With so much at stake, having an understanding of both legal and financial matters tied to divorce can certainly prove beneficial in forming a plan for dividing marital assets. No matter how a divorce is finalized, getting finances in order and having a plan will undoubtedly help in moving forward in the next phase of life.

Source: marketwatch.com, “Divorce isn’t just about the money grab“, Larry Stein, July 28, 2014

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Mack

I would give them 10 stars if I could. Clay was professional and super organized. He took the time to explain everything. I would highly recommend him for any family law needed. Melanie was a godsend. She not only kept me continually informed of the progress, she sent texts of encouragement and support throughout the entire process. I would give her 100 stars for going above and beyond to make this experience less stressful. Her encouragement and genuine caring were comforting and calming. The entire staff at Brown Law are on your side and if you are lucky enough to get Clay and Melanie on your team you will not be disappointed. Thanks! Mack M.

Response from the owner:Wow, thank you so much. Melanie is great. Glad she helped you so well.

Alex Rogers

Nathaniel was an incredible partner throughout the divorce process. He was organized, responsive and respectful of my wishes while simultaneously giving me guidance and advice. I would recommend him to anyone.

Christie Cisneros

I couldn’t have made it through my divorce without Clay and his team! I am forever thankful for the hours and time spent with me to help navigate an extremely difficult time in life. They’re reliable, knowledgeable, and know how to get things moving in an efficient manner. Nothing but good to say here!!

Halie Bates

Working with Daniel Young at Brown Family Law was a truly positive experience during one of the most difficult times of my life. From the start, Daniel was knowledgeable, compassionate, and incredibly responsive.
If you need a family law attorney who combines expertise with empathy, I cannot recommend Daniel Young enough. He is a true advocate and a credit to Brown Family Law.

Jessica Lance

Nathaniel and Carren have been absolutely incredible to work with. They kept me informed and in the loop throughout each step of the process. They always answered every question I had in a very quick and timely manner. I could not recommend them more.

Amy Christensen

This 5-star review is for Nathaniel Garrabrandt at Brown Family Law. Nathaniel was just what we needed. He helped guide us with a level of professionalism, efficiency, and genuine care that made a real difference during a challenging time. He is always thoughtful and respectful, and he never makes you feel like just another case. His communication was clear (with regular check-ins), his advice was solid and uncomplicated, and I always felt that he had his client's best interest at heart as he made suggestions. I’m grateful to have had such a capable and compassionate attorney to work with. You hope you never need these kind of services, but when you do, you want the best... and someone with high integrity. Nathaniel truly deserves all 5 of these stars, in every way.

Kenzie Murphy

Russell Yauney was my attorney at Brown Family Law. Throughout the process, Russell and his paralegal Conor, were extremely helpful and patient. They were highly responsive, thorough, and most importantly: did not make me feel insignificant or embarrassed for asking clarifying questions. Russell made himself available and whenever he wasn't, Conor was. The Friday Phone Calls were reliable and I knew I could expect an update each week. The firm's texting abilities also made it easy to send a quick question/concern if I ever needed it. Russell was a fantastic attorney and guide to have throughout my situation. I highly recommend this firm.