Division of Marital Property in NV
Safeguard Your Future with Our Henderson Divorce Lawyers
If you are preparing for a divorce, then it is likely you have a few concerns about your post-marriage finances. Nevada is considered a "community property" state, which means all assets and income accumulated during a marriage are divided equally among divorcing spouses. This can often lead to friction between the parties and cause considerable worry about their financial outlook.
At Ford & Friedman, our Henderson marital asset division attorneys have extensive experience handling a variety of multilayered divorce issues, including the division of high-value assets and the marital estate during a divorce. From real estate to pensions to stock options, our firm is ready to help determine what you are entitled to and what kind of financial future you deserve following the dissolution of your marriage.
Do not walk away from your divorce without the assets you deserve. Contact us today to schedule a consultation.
Community Property vs. Separate Property
One of the first considerations in the division of assets for divorcing persons is to determine which property is eligible for division during the divorce process. Nearly all assets, income, and debts acquired during the marriage are considered community property and will be divided between the spouses by the court.
There are, however, exceptions. Separate property is all property that each spouse independently acquired before the marriage and is not eligible for division by the court. There are also special kinds of property that can be obtained during a marriage that can still be considered separate.
- Separate property in Nevada can include:
- Personal injury awards
- Any income that is generated via separate property
Even when circumstances are complex, our team can trace assets and assert their correct classification (as community or separate property) before the property division process begins. Our lawyers can also assist with the skillful allocation of debt such as medical or credit card debt.
Protecting Your Business Assets
Special care must be taken when one or both spouses in a divorce own a business. For disputes related to business ownership and valuation, our team has developed a network of accounting, business valuation, real estate appraisal, and related professionals and expert witnesses whom we can call on to ensure that your business is assessed properly during your divorce.
- In these cases, our firm has regularly addressed issues such as:
- Who has the right to decide how the ownership will be treated
- Valuation of the ownership interests at issue
- Complex buyouts
- Outright sale of the business as a whole
If you have concerns about the division of marital property in your upcoming divorce, then our team is ready to speak with you. Our attorneys always take a collaborative approach in our casework, so you can rest assured that your case will always receive the attention and skill it deserves.
Start the process today. Call (702) 904-9898 to speak with our compassionate and knowledgeable team.
Our divorce attorneys will give you individualized attention and service. We will be personally invested in your case and in securing you the best outcome possible.
A Collaborative Approach
With us, you will benefit from having a team of attorneys behind your case. You will also be joining forces with legal advocates who work well with clients, developing relationships that outlast the case.
Our boutique law firm has handled a wide range of family cases, and we know full well that each client needs and deserves an individualized, sophisticated strategy for their specific case.
Our lawyers grew up here and are dedicated helping their local community. We are also familiar with local judges and courts and know how to successfully guide clients through the legal system.