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Salt Lake City Personal Injury Law Blog

Having set goals for divorce negotiations may prove helpful

Ending a marriage can lead Utah residents to face many questions they may not have considered before. Because divorce looks at many small facets of life, it can be difficult to know what information may prove most useful. However, having the right information could play a considerable role in settlement negotiations.

The outcomes of a divorce settlement can have a considerable impact on a person's life. Therefore, negotiation proceedings can prove vital when it comes to working toward the results parties most desire. Financial information can prove useful during this process as many individuals will need to negotiate property division, alimony and child support. By having extensive financial knowledge, individuals may know what they want to fight for and what they may be able to let go.

Preparing for the division of retirement and investment accounts

An unfortunate reality is that not every marriage ends with happily ever after. For some people, four out of every ten, according to one statistic, their partnership will end with a divorce. While each ending gives a person a chance to move on to bigger and better things, there are some matters that you will most likely need to handle during the divorce process that could be critical to your financial future.

One big question is how to equitably divide retirement and investment accounts that a couple accumulated during their marriage. At the end of your marriage, uncovering the value of these accounts, gathering financial information, and properly dividing the funds is part of the process. Many individuals in Utah who are contemplating or already facing divorce find that professional help can be useful since so much is at stake.

Broaching the topic of divorce with kids can prove challenging

Utah residents who have decided to move forward with dissolving their marriages may dread many aspects of the process. For parents, one of those most dreaded steps may be breaking the news to their children that their parents are getting divorced. Because divorce can be a sensitive topic for most children, parents may want to take a caring approach to the discussion.

Many children may have conflicted reactions when they find out that their parents no longer want to be married. They may think they had something to do with the marital issues or that their lives will never be the same. While the latter may be true due to the many changes that come with divorce, it does not mean that the children will lose the love or relationships associated with their parents in most cases.

Stocks, insurance policies may raise asset division questions

The decision to end a marital relationship can prove difficult for many Utah residents. The issues that lead to this choice may differ from person to person, and though it was a hard decision to make, many more choices will need to be made during the course of the divorce proceedings. In particular, individuals may have concerns when it comes to asset division.

There are many different assets that could present complications when it comes time for division. For example, if a person has deferred compensation, such as stock or stock options provided by an employer, a spouse may want to have those assets divided. However, it can be challenging to accurately divide these types of assets, and professional assistance may be worth consideration.

Man charged for driving under the influence of alcohol in Utah

Many people may easily lose their tempers in certain situations. However, some of those instances may have more serious effects than others. For instance, if a person is driving under the influence of alcohol and gets caught up in a road rage incident, the scenario could quickly turn complicated. Additionally, someone could end up facing criminal charges.

It was recently reported that such an event recently took place in Utah. Apparently, a driver called police due to purported concerns about another driver. While attempting to get the second driver's tag number, the first driver flashed his lights, which apparently annoyed the man driving the other car. As a result, the second driver allegedly yelled at the other person before following that driver. The man also reportedly pointed a gun at a person in the first car.

Recognizing importance of finances may help during divorce

One of the biggest upsets that individuals can face after ending their marriages relates to their finances. The divorce process itself can prove costly in many cases, and the outcomes of property division and other proceedings can also impact how a person may need to address his or her finances. Luckily, Utah residents can take steps to protect themselves during the legal proceedings.

One step that individuals may wish to consider is talking with a financial planner. These professionals could help parties better understand their current financial situations and how certain divorce outcomes could affect them. This could prove especially useful to parties who may not have had much dealings with the household finances. Additionally, people may be able to begin building for their new lives as single individuals by creating a financial plan ahead of time.

Your high-asset divorce could be a high-conflict divorce

There are many factors that could make the process of ending your Utah divorce complicated, including assets and finances. In many cases, a high-asset divorce is a high-conflict divorce, but that does not mean that you cannot effectively prepare and protect your interests. Preparation for a high-asset divorce is extremely useful, as is a complete understanding of your property rights.

Financial strain is a common factor in divorce, and it can be particularly prevalent in a divorce in which there are significant and valuable assets at stake. If you are facing a high-asset divorce, you would be wise to take quick action to effectively prepare for what lies ahead and learn how you can shield your post-divorce interests.

Teen charged with DUI after fatal crash in Utah

Having to defend themselves can often put people on edge. They may feel that they have been wrongly accused or that their reasons for their actions will not convince others of their innocence. However, if parties are able to find the right defense method, especially in cases of DUI charges, they may have the ability to effectively work toward maintaining their innocence.

One young man in Utah may be hoping to move forward with a meaningful defense after his recent arrest. Reports stated that the 18-year-old man was driving a vehicle when he apparently caused the car to flip. The report also indicated that there was a 15-year-old female passenger in the vehicle at the time of the accident.

Mediation may help Utah residents with child custody decisions

Ending a marriage can have a substantial impact on everyone involved. Certainly the divorcing couple often bears the brunt of the majority of changes, but any children the couple may have had can also be considerably affected. Because of this impact, Utah parents may want to consider how they can best approach child custody arrangements and other aspects of the divorce process.

Rather than going straight for courtroom custody battles, individuals may wish to consider whether they could get along well enough to utilize mediation. Mediation is a method that could help individuals get through their divorce process more quickly by working together to find resolutions to any disputes. A quicker and easier divorce could help lessen the stress children may face as their parents' marriage comes to an end.

Tax legislation could have impacts on Utah alimony awards

Many individual know that spousal support is often an outcome of divorce settlements. In instances where one spouse may have earned more money than the other, the higher-earning spouse often has to make alimony payments. These payments can help lower-earning individuals maintain their lifestyles and meet other financial goals, and recent legislation regarding taxation on this support may interest Utah residents.

It was recently reported that Republicans in the House of Representatives have proposed a tax plan that would change the way in which alimony is taxed. Currently, individuals who pay alimony have the ability to deduct their payment amount from their taxable income, and recipients of that support must pay taxes on the received amount. With this proposal, recipients would no longer be responsible for handling the taxes.

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