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Divorce

Recent Posts in Divorce Category

  • How Marijuana is Impacting Divorce Cases

    From white-collar professionals to soccer moms to CEOs to retail workers and every occupation in between, men and women from all educational backgrounds and socioeconomic classes are partaking in marijuana, especially since Nevada decriminalized the use of up to one ounce of marijuana for personal use. As of this writing, possessing up to one ounce of marijuana for personal use incurs zero ...
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  • 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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  • Reasons Why a Prenup May Be Invalidated

    If you paid attention to the news back in 2013, you may have read about how a Brooklyn court threw out a couple’s prenuptial agreement signed by a Long Island woman in 1998 before marrying a millionaire. This court action set a precedent and divorce attorneys across the country took notice. Have more prenups been tossed out of court since? While we can’t say if there has been an uptick in prenups ...
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  • Does the Richer Parent Win Custody?

    When parents head toward divorce , they may be on the same page about child custody , or they may be on opposite ends of the spectrum. Dad wants the kids to live with him. Mom wants them too; neither parent can agree. If one parent has committed domestic violence, or if abandonment, severe mental illness, child neglect, child sexual abuse, or an untreated substance abuse problem is an issue, the ...
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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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  • 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 Alimony in Nevada End with Cohabitation?

    In a Nevada divorce , it is possible, but not automatic, that alimony will be awarded. In high-asset divorce cases where one spouse earns significantly more than the other, it is almost standard for alimony to be awarded, at least temporarily. If the spouses do not agree on alimony and one spouse is asking for it, a judge will have to decide on the matter. In these situations, the judge will ...
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  • What to Do With a Business in Divorce

    It’s common knowledge that entrepreneurship can be a daunting task and a large percentage of new businesses fail in the first five years. If you have built a business from scratch and it’s turned into a successful venture, you are probably very attached to the business. The business probably feels like your “baby” and your employees, like your second family. But now that you’re facing a divorce, ...
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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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  • 2019 Changes to Tax Treatment of Alimony

    Alimony is financial support a higher-earning spouse pays to support a lower-earning spouse during or after a divorce, or both. In Nevada, the family court will consider awarding alimony if one of the spouses is unemployed, not financially stable, or for some reason, unemployable. Alimony is not automatic in a Nevada divorce , but if a lower-earning spouse asks for it, the judge will consider the ...
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  • Special Challenges with CEO Divorces

    The lifestyles of CEOs are typically quite different than other people’s. Usually, CEOs have full schedules and travel frequently for work. By the nature of their high-level position, they lead extremely busy lives. Unfortunately, the hectic CEO lifestyle can lead to trouble at home, and this is no mystery to Boards of Directors. Representing a CEO during his or her divorce is unique from other ...
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  • Divorcing? Why You May Want to Hire a Forensic Accountant

    Some Nevada divorces are simple – they involve a house, bank accounts, two automobiles, and perhaps one or two retirement accounts. Other divorces, especially high net worth divorces , are more financially complex. High-asset divorces often involve the standard assets mentioned above, but they may also involve restricted stock, businesses, life insurance policies, multiple real estate properties ...
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  • The Top 6 Issues in High Asset Divorces

    Divorce is complicated no matter what the circumstances are. However, high net worth divorce cases are particularly complex , given the level of assets couples are generally forced to divide. As the old saying goes, more money, more problems. Yet while you may have 99 problems, your divorce doesn’t necessarily have to be one, with the Henderson divorce attorneys from Ford & Friedman . Our skilled ...
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  • $137 Billion Is on the Table in the Bezos Divorce

    $137 billion is currently on the table in the divorce proceedings between Amazon CEO Jeff Bezos and his wife, Mackenzie Bezos, as that is what the tech magnate is currently worth. This development arrives just a year after Bezos became the richest person in the world. Although the news has yet to reverberate on Wall Street, Amazon investors are likely still waiting to see how settlements will ...
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  • Keeping Track of Your Assets

    Dividing assets in a divorce is never easy. In high asset divorces especially, a myriad of complications can arise. From dealing with inherited assets , to credit card debts , to potential tax issues , you’re going to want a skilled attorney on your side to protect your interests. At Ford & Friedman, we want to make sure you’re in the best possible position to move forward with your divorce. One ...
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  • The Importance of Property Value Assessment

    Property division is an important but complex part of the divorce process. In Nevada, given that so much of what is acquired during a marriage may be considered “community property,” navigating how much and what you are owed can be time-consuming and costly, especially if you don’t have the assistance of a skilled attorney. At Ford & Friedman, our Henderson divorce lawyers encourage anyone ...
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  • How Remarriage Affects Alimony & Child Support in Nevada

    When couples finalize their divorce and take some time to move on with their lives, it is not uncommon for one or both individuals to enter a new marriage. However, it is important to understand how remarriage affects a previous divorce agreement in Nevada. Impact of Remarriage on Alimony When a supported spouse (i.e. the spouse receiving spousal support) remarries, permanent alimony automatically ...
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  • Is a Personal Injury Award Divided in a Nevada Divorce?

    When it comes to a divorce with significant assets, one of those assets may include a personal injury settlement. Although the award may be meant for the injured spouse, all assets and property accumulated during the marriage are considered marital property. So how is a personal injury award divided in a Nevada divorce? If the injured spouse obtained the personal injury settlement before entering ...
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  • 7 Common Signs Your Spouse is Hiding Assets During Divorce

    When it comes to divorce , especially a high-asset separation , there is a lot at stake. One spouse may hide valuable assets to prevent them from being subject to property division or accounted for alimony or child support . However, this type of behavior is illegal. Lying about your finances and lying under oath can result in severe penalties, which includes time spent behind bars. In most cases, ...
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  • Do I Have to Pay Alimony if I Make More Money than My Husband?

    When alimony , also known as maintenance or spousal support, was created more than a century ago, the family role of most women was to stay at home and take care of the children. Due to the lack of work and academic experience, a divorce resulted in a financial blow to women. Thus, alimony was established to help them maintain a reasonable standard of living once the marriage ended. Fortunately, ...
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  • Am I Paying Too Much in Child Support?

    Child support payments are necessary to help keep children healthy and happy, but what happens when parents are asked to pay too much? If you are having a difficult time affording your child support payments, or if you notice your payments going to your ex rather than your child, you might be concerned about overpaying. Child support payments are determined on a case-by-case basis, which means it ...
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  • How To Deal with a High-Conflict Divorce

    Going through a divorce is never easy, but when your spouse is particularly argumentative or difficult it can make the entire process particularly challenging. Ending your marriage might evoke feelings of sadness, anger, frustration, confusion, excitement, and even relief, which can be extremely difficult to deal with amid the legal process of divorce. Handling these emotions while also juggling ...
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  • Divorcing as a Business Owner: What You Need To Know

    If you are going through a divorce , you may be worried about how the new change will impact your life, especially if you have a business to worry about. Business owners have a unique set of concerns they have to address when they divorce, especially if their spouse wishes to claim some, or all, of the business as their own. In any case, if you own your business, you need to take action to protect ...
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