The thoughts of Utah couples who are ending their marriages often turn to the division of their property. What they need to know is that there is more to consider than just who will receive which assets in the divorce. Many people fail to take the time to look at the tax implications associated with the division of certain assets.
For example, nearly every retirement account has tax consequences for early withdrawals. Even so, the marital portion of these accounts are often divided in a divorce. Therefore, the method in which the other party's portion of the account is transferred needs to be considered.