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Community Property

Recent Posts in Community Property Category

  • Why Would I Want Separate Maintenance?

    Each state has different laws regarding a legal separation ; some states allow it while other states do not have the option. Can you get legally separated in Nevada and if you can, why would you want to consider it? Nevada does have what is called “separate maintenance,” which sounds like a type of alimony but it’s actually Nevada’s form of legal separation. Sometimes, a couple is not ready for ...
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  • Can You Disinherit a Spouse in Nevada?

    “Can I disinherit my spouse?” is a question that a lot of high-asset individuals ask, whether they are engaged or contemplating divorce . This is understandable since the modern family has changed significantly over the years. Today, same-sex marriage, second and third marriages, and blended families are increasingly becoming the “norm,” and we’re only scratching the surface. There are many other ...
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  • Dividing a 401(k) in a Nevada Divorce

    Divorce can be very stressful, even if you’re 100% positive it’s the right thing to do. Even still, you’ll have to face child custody (where applicable) issues and property and debt division, which can be complex to navigate. Nevada is a community property state, which means that all assets and income acquired during a marriage are owned equally by both spouses, regardless of who earned the income ...
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  • Is an Inheritance Considered 'Community Property' in Nevada?

    It is very common for people to receive an inheritance from their parents, aunts, uncles, and siblings. They may even receive an inheritance when no will or trust existed under Nevada’s “intestate succession laws,” which determine how an estate is to be divided when the decedent died “intestate” or without a will. If you are headed toward divorce and you or your spouse have received an ...
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  • Paying Off Credit Card Debt in a Nevada Divorce

    These days, credit cards are often considered “safer” than carrying large amounts of cash around. If someone’s wallet is stolen and they have hundreds of dollars in cash in the wallet, they can kiss it goodbye, but if a credit card is stolen, if they call their credit card company right away, they have zero liability and won’t be held responsible for any purchases made by the thief. Since most ...
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  • Does Adultery Impact Spousal Support in Nevada?

    If your marriage has been affected by adultery, you are not alone. A large percentage of marriages are destroyed by infidelity. This is especially common among CEOs and couples who are apart much of the time because of their high-profile and lucrative careers. As a busy spouse must tend to business, it can drive a wedge in the relationship to the point where the spouses disconnect and one or both ...
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  • Wasteful Dissipation of Marital Assets in Nevada

    As emotional as divorce is, it’s actually a business transaction because it’s all about the division of assets and debts . While Nevada is technically a community property state where both spouses are entitled to a 50% interest in all assets and income acquired during the course of the marriage, marital waste or “wasteful dissipation of marital assets” is one factor that can change how community ...
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