View Our Practice Areas

Addressing the house is an important part of asset division

Ending a marriage often involves disentangling two lives. This process can mean that individuals will need to go through asset division proceedings in order to separate their marital property before the divorce is finalized. In some cases, Utah residents may have the most concern about what will happen to their house.

It is not uncommon for individuals to sell their marital home during divorce. There are numerous reasons that this action may make sense for a divorcing couple. For example, if both parties contributed to purchasing the home and each wants a share of the asset, selling the house and dividing the proceeds may make the most sense for the situation. In a best-case scenario, parties will be able to agree on what will happen to the house rather than having to fight over it.

Even if one spouse wants to keep the home, it may make more financial sense to sell. Often, individuals are able to afford their mortgage and house-related expenses because they have two incomes to work with. After the divorce, one person may not have enough income to keep up with those necessary expenses, which could cause financial issues. As a result, parties may want to go over their financial affairs before deciding to keep a home.

Asset division can be one of the trickier aspects of ending a marriage. The marital home is often one of the biggest assets that a couple has, so it understandably brings about some contention. If Utah residents hope to address their property division proceedings effectively, they may want to discuss their options with their legal counsel.

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.
  • Not to sound cliché... Justice was served!! I have never been in a situation to need a Lawyer. Lauren really stood up for me when forces were making a situation much larger than it should have been. Our situation was extremely difficult but choosing this law firm was the best chose i could have made for my family and I. I am so grateful that Lauren was in my corner fighting while I took care of my family. Words cant Express my gratitude. It is unfortunate that accusations can place people in situations that you cant handle or control...fortunately there are great people like Lauren Forsyth. Wonderful person, Great Lawyer! Read more...

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