Property Division Attorneys in Salt Lake City
Navigating Asset Division in a Divorce
If you are going through a divorce, you need to understand what assets the court can divide and how they determine the division. In Utah, property division must be "equitable," which does not necessarily mean equal. The judges in your case will have the freedom to decide the final outcome of the asset split – and premarital agreements can make the process even more complex.
At Lokken & Associates, P.C., we have the experience and skill to help you navigate the asset division process in your divorce. We are committed to helping families in Salt Lake City, Cottonwood Heights, and throughout Utah achieve a favorable resolution to even the most contentious property division disputes.
Tell us about your case during a consultation – schedule yours by calling (801) 829-9783 or contacting us online.
Marital & Nonmarital Property
The first step in divorce asset division is determining which assets are nonmarital property and which are marital property. Nonmarital property includes property owned before marriage or certain gifts and inheritance received during the marriage. Nonmarital assets generally stay with the original owner – but this is not always guaranteed.
Marital property includes assets purchased during the marriage that can be split in the divorce process. Several factors, including the length of the marriage and each individual’s pre-marriage economic status will affect who receives what property.
Marital property can include:
- Business holdings
- Real property, such as homes and condominiums
- Retirement and pension plans
- Other personal belongings
- Marital debts
Utah courts generally like to split similar assets, such as two cars, so that one will go to each party. Parents with custody are also much more likely to receive the home.
How Can an Attorney Help Me?
Property division is a highly contentious and emotional process for people on both sides of a case. An attorney can act as an emotional buffer who helps clients determine their goals and prevents direct conflicts between spouses. If a divorcing couple cannot come to a property division agreement, the case will go before a judge and both parties will have less control over the process.
Review Your Divorce & Assets with a Capable Lawyer
At Lokken & Associates, P.C., we understand that working with an estranged spouse is difficult, and many people feel overwhelmed by the back and forth. We can manage the stress of your case and act as a buffer for your entire divorce. Our Salt Lake City property division lawyers take a holistic approach to divorce cases and can manage every detail, from a child custody battle to an alimony claim.
Reach out to us at (801) 829-9783 to get started on your case.
“She knows how things are going to play out ahead of time.”- Former Client
“She is very knowledgeable, down to earth, and honest”- Former Client
“When I was initially looking for someone to represent my case I thought it was going to cost more then I could afford; lets just say that I was wrong for thinking that.”- M.H.