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How Retirement Accounts and Investments Are Divided in Utah
https://legiswiki.com/en/p/10028/how-retirement-accounts-and-investments-are-divided-in-utah
In Utah, the division of retirement accounts and investments during divorce follows specific legal principles and procedures designed to ensure equitable distribution of marital assets. Retirement Accounts Division: Qualified Domestic Relations Order (QDRO): To divide retirement funds such as 401(...
Divorce
Divorce is the legal dissolution of a valid marriage by a court order, which officially ends the marriage and leaves both parties free to remarry. It is a formal process where the court may also address related issues such as division of property, spousal support (alimony), child custody, and child support if children are involved.
Key points about divorce include:
- It is a court decree that a valid marriage no longer exists.
- Divorce differs from annulment, which declares a marriage invalid from the start.
- Divorce laws and procedures vary by state; some require all issues to be resolved before granting a divorce, while others allow the divorce to be granted first and other matters settled later.
- There are different types of divorce, including absolute divorce (which fully ends the marriage) and limited divorce (which may only separate the spouses without ending the marriage legally).
- Divorce is distinct from legal separation, where the couple lives apart but remains legally married.
In summary, divorce is the official legal process that ends a marriage, allowing both individuals to become single again and potentially remarry, while also resolving financial and parental responsibilities as determined by the court.