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If you have made the difficult decision to file for divorce in Utah, it is vital to know all of the assets acquired during your marriage. If you have any suspicion your spouse is hiding any assets, it is important to contact a Salt Lake City asset attorney, Emy Cordano at Emy A. Cordano, Attorney at Law. She is extremely diligent in protecting their client's financial interests and future financial stability.<br>
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“ A good, healthy marriage is based on trust. We all have secrets. But when those secrets affect your relationship, they can often come back to haunt you later. Marriage is a partnership where both parties are making a commitment to share their life together. And one of the biggest components is sharing your finances and assets. But when a marriage falls apart, many people resort to hiding many of the most valuable assets from their partners. Fortunately, there are ways to track down any hidden income and other assets.
DETERMINING THE DIVISION OF ASSETS Divorce can often get complicated. One of the most complex issues is the division of assets. The first step is to consult with an experienced and knowledgeable divorce attorney.
When determining the full financial inventory of each spouse, assets are separated into three different categories: 2. Commingled Assets 1. Marital Assets 3. Separate Assets These are assets acquired strictly during the marriage. These are a mixture of marital assets and separate property. The most common examples are retirement funds and bank accounts. These are assets that were acquired prior to the marriage or after a separation. They can also be any inheritance or gift.
WHAT ASSETS WILL BE DIVIDED IN A SALT LAKE CITY DIVORCE? The Marital Home Other Types Of Real Estate Business Property Brokerage Accounts Ay 1 Furniture, Artwork, Collectibles, Etc. Professional Practices Boats And Rvs Vehicles Ay 1
ARE YOU THE “OUT SPOUSE”? In many marriages, one spouse is often in charge of handling most of the financial decisions and bookkeeping responsibilities, whether it is filing taxes or balancing the checkbook.
Divorce attorneys often refer to the spouse who does not participate in most of the financial decisions as to the “out spouse”. In these instances, the out spouse generally does not have the same level of access to the couple’s financial situation. If you are an "out spouse", the first step is to ask your partner to make copies of all marital financial records. A cooperative spouse can make the process much easier. Unfortunately, that is rarely the case–especially when there is tremendous acrimony in the fractured relationship.
HIRE AN ATTORNEY If you have made the difficult decision to file for divorce in Utah, it is vital to know all of the assets acquired during your marriage. If you have any suspicion your spouse is hiding any assets, it is important to contact a Salt Lake City asset attorney with a track record of helping clients through the discovery process.
The attorney can make requests for several important types of financial documentation from your spouse, including tax returns, loan applications, bank account records, financial statements, and much more. By utilizing the discovery process, your spouse will also have to answer specific questions in writing. It is the most effective method to gain financial information from an uncooperative spouse.
CONTACT DETAILS Address Phone 6465 S 3000 E, Suite 103 Salt Lake City, UT 84121 801-804-5152 Website https://www.cor-law.com/contact-us/
THANK YOU
