Utah Real Estate and Divorce: Here is What You Need to Know
Utah is not a non-marital state; it is a marital property state. Unlike community property states, where marital property is divided equally, Utah follows an equitable distribution system. This means that marital property is divided fairly, but not always in equal shares.
Here are some key points about Utah's marital property laws:
Marital Property: This includes assets acquired during the marriage, such as income, properties, and shared investments.
Factors Considered: When dividing marital assets, Utah courts evaluate various factors, including the length of the marriage, each spouse's contributions, and the couple's future earning potential.
Prenuptial Agreements: A prenuptial agreement can override Utah's equitable distribution guidelines.
Short Marriages: For shorter marriages, the court typically aims to return each spouse to their financial situation before the marriage.
Separate Homes: Generally, personal property is divided in a way that allows each spouse to establish a separate home.
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CHRIS & JODI GIBBS
Dwell Realty Group
850 N 200 W
Logan, UT 84321
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