What are the divorce laws in Utah?

What are the divorce laws in Utah?

In 1987 Utah passed a law that allows divorce when there are “irreconcilable differences” such as when the parties can no longer “pursue the legitimate purposes of the marriage.” Under this law one party doesn’t have to blame the other but may simply tell the court that the marriage is “no longer working.” This is what …

Can a spouse hide money in a divorce?

In a divorce, there is a legal requirement that each spouse must disclose all assets, income, and debt as part of the financial disclosure process. Still, it’s not uncommon for a spouse to hide assets or misrepresent the values of marital property. Spouses may also understate their income or claim inflated expenses.

Do spouses inherit debt?

In most cases, an individual’s debt isn’t inherited by their spouse or family members. Instead, the deceased person’s estate will typically settle their outstanding debts. In other words, the assets they held at the time of their death will go toward paying off what they owed when they passed.

Should I pay off debt before divorce?

If you have any joint debt with your spouse and you can afford to, we highly recommend paying off all marital debt, even before you draw up the divorce papers. If not before you file for divorce, try to get it done before you’re officially divorced.

Do you split debt in divorce?

In California, each spouse or partner owns one-half of the community property. And, each spouse or partner is responsible for one-half of the debt. Community property and community debts are usually divided equally. You may have more community property than you realize.

Are married couples responsible for each other’s debt?

Since California is a community property state, the law applies that the community estate shared between both individuals is liable for a debt incurred by either spouse during the marriage. All community property shared equally between husband and wife can be held liable for repaying the debts of one spouse.