Other than custody of a couple's children, finances are often the most important aspect of any Utah divorce. The division of a couple's assets and debts takes up a significant amount of time in a divorce. This is usually because both parties are attempting to ensure the stability of their financial futures now that their marriage is over. However, without a clear picture of family finances, negotiating a fair and equitable settlement may not be possible.
Divorce preparations need to begin with the gathering of information on a couple's assets and liabilities. Deeds, mortgage documents and account statements, along with tax returns for at least the last five years, will help paint a financial picture. It is also important to accurately gather information concerning a couple's debts, as they too will be divided.