Utah Family Lawyer’s Guide to Shared Asset Valuation in Divorce: Protecting Your Rights and Financial Future
Understanding Shared Asset Valuation in Divorce Divorcing couples often face complex financial issues, including determining how to fairly divide shared assets. In Utah, courts strive for equitable distribution, but this does not always mean a 50/50 split. Understanding asset valuation is crucial for protecting your financial interests and ensuring a fair settlement. 📌 Key Aspects of Shared Asset Valuation 1️⃣ Marital vs. Separate Property Before dividing assets, it's essential to distinguish between marital and separate property: ✔ Marital Property – Assets acquired during the marriage, subject to division. ✔ Separate Property – Assets owned before marriage or received as gifts/inheritance (typically not divided). ✔ Commingled Assets – When separate property is mixed with marital funds, it may become subject to division. Understanding these classifications can prevent unnecessary disputes and safeguard individual ownership rights. 2️⃣ Commonly Divided Assets in Divor...