View Our Practice Areas

Considering retirement security during divorce

Ending a marriage may be the best choice for many people facing unhealthy and unhappy relationships. However, it is no secret that divorce can wreak havoc on finances and future financial plans. In particular, Utah residents' retirement plans could face significant changes due to the impacts of marriage dissolution.

Fortunately, individuals in this type of situation can take steps to help lessen negative impacts on their retirement security. One major action that could benefit such a situation is to understand how state property division laws will affect who gets what. A person may be entitled to a portion of the other party's retirement funds and vice versa. This information could influence how individuals utilize negotiations for property division, especially if they would like to hold on to more of their own retirement funds.

Planning ahead can also help reduce financial strain. Individuals may want to take the time to determine how they could adjust their lifestyles in the future to make saving a priority. It is not always easy due to the financial changes that a divorce can bring, but coming up with a plan ahead of time could allow parties to negotiate for settlement outcomes that could benefit their new lifestyles.

Many people look forward to retirement, and having a reliable nest egg is important. Divorce can easily upend a variety of plans, and Utah residents often do not want to suffer significant financial fallout. Fortunately, individuals can work with their legal counsel to come up with the best plans for protecting retirement funds and other assets.

No Comments

Leave a comment
Comment Information

Testimonials

  • I can’t speak highly enough of Kris and his team. I was always kept informed and educated on my options and potential outcomes. Kris was so professional and helped me feel at ease through a very difficult and emotional process. His expertise is second to none and you truly feel as though you’re in the best hands. Thanks for everything Kris, I consider you a great friend!Read more...

    — Tyler H.
  • Rand Lunceford was my attorney and he did a great job for me. Was always very quick to return phone calls and texts. Gave me court reminders the day before. And did a great job. when it was all said and done I was extremely impressed with Mr. Lunceford and their firm. Read more...

    — Brittany U.
  • Brian attended mediation with us today and he was a rockstar. He was very knowledgeable and thorough. I don't know what we would have done without his well-informed counsel and the way he stood up for us. He maintained a calm and authoritative demeanor, even in the presence of the 4 other attorneys on the other "sides". We will be recommending him to anyone who needs a family law attorney, and we'll be choosing him if we ever need one again! Read more...

    — Tawny A.

Speak with an experienced lawyer.

If you need help with a divorce, family law issue, DUI or criminal defense, complex civil litigation, or real estate matter, we are here for you. To schedule an appointment with one of our dedicated attorneys call us at (801) 475-8800.

Email Us For A Response

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Ogden Office
195 25th Street
Suite 304
Ogden, UT 84401

Phone: 801-475-8800
Fax: 801-475-9800
Map to Ogden Office

Park City Office
136 Heber Avenue
Suite 205
Park City, UT 84060

Phone: 435-655-3680
Map to Park City Office

Lehi Office
3450 N. Triumph Blvd.
Suite 102-161
Lehi, UT 84043

Phone: 801-753-5650
Map to Lehi Office

Salt Lake City Office
299 South Main
Suite 1300
Salt Lake City, UT 84111

Phone: 801-317-8968
Phone: 801-534-4410
Map to Salt Lake City Office