Prenuptial agreements are not just for the wealthy. Anyone who wants to protect their assets may be able to benefit from clear expectations about how to divide property after a divorce. Still, a prenup may not work in all situations, so couples should consider the pros and cons, as well as alternatives to these agreements. Benefits of prenuptial agreements A prenuptial agreement can offer several advantages. For starters, it provides clarity and transparency about financial matters, helping to avoid misunderstandings and conflicts later on. Of course, the primary goal of a prenup is to allow a ..read more

Income disparity between spouses is a common factor in divorce proceedings. This is particularly true when determining alimony payments. In Nevada, this financial gap can significantly influence the amount and duration of alimony awarded to the lower-earning spouse. Alimony calculations The court aims to ensure fairness in the distribution of assets and financial support, especially if one spouse financially depended on the other during the marriage. The median household income in Las Vegas is $66,356, and that can drop after a divorce. Nevada courts assess various factors to determine alimony ..read more

Going through a divorce is a challenging time, and if you have a significant jewelry collection that you have been caring for and treasuring for years, if not decades, you might be concerned about what will become of your precious jewelry. Nevada is a community property state, which means that the court divides property in a specific way. First, it looks at all the assets that the couple has, the assets that each spouse came into the marriage with, any assets that they purchased together during the marriage, any inheritances that a parent may have left for one spouse and more. Then, the courts ..read more

Divorce is challenging for almost any couple. However, many same-sex couples in Nevada may find themselves unfamiliar with the process, making it even more fraught. Understanding the specific considerations involved is important for those seeking to dissolve their unions in the Silver State. Legal recognition of marriage Nevada has been at the forefront of recognizing and legalizing same-sex marriages. Since 2014, when a federal court ruling overturned the state’s ban on same-sex marriage, couples have had the legal right to marry, and subsequently, to divorce. The state was also the first to ..read more

Nevada law recognizes your right to get a divorce for any reason regardless of what your spouse thinks. However, if you share children with your spouse, you will need to take their needs and emotions into account before, during and after the process of ending your marriage. Fortunately, there are a few relatively easy steps that you can take to ensure that you don’t forget about them during a painful period in your life. Finish the divorce in a timely manner The sooner that your divorce is finalized, the sooner you can start to truly process and get past the emotions associated with it. For yo ..read more

When divorcing couples in Nevada and around the country negotiate the division of marital property, the discussions often become heated and contentious. This is especially true when the assets being divided include artwork collections that were amassed slowly and carefully. Spouses who collect art often become emotionally attached to pieces that they spent years searching for, which is something that their soon-to-be ex-husbands or wives may use to obtain a negotiating advantage. This is why it is wise to go into these talks with a firm objective in mind and a clear understanding of how much a ..read more

The U.S. Census reported the number of divorces has gone down in the United States since 2011, currently hovering around 6.9 in every 1,000 women. Despite that encouraging movement, many people are still trying to co-parent with a former spouse. One of the biggest challenges of such a relationship is effective communication. Here is a look at some factors that help increase the success rate of co-parent communications. Maintain clear and respectful dialogue Maintaining open lines of communication is key. Co-parents should engage in clear and respectful dialogue, focusing on the needs of their ..read more

Divorces are emotionally and psychologically difficult for both spouses. Executives in Las Vegas are particularly at risk regarding the financial implications of divorces, especially regarding the division of assets. To ensure that both parties get a fair deal during a divorce, the following tips can help: Have the relevant documents ready Before any negotiations begin, it’s essential to have all the relevant documents, such as pay stubs, stock options, and bonus plans. Having these documents organized and readily available will make negotiating a fair distribution of executive compensation du ..read more

Those who choose to get married take vows. These vows signify a commitment to each other and are often made in front of family and loved ones, but they are also something more. They also signify part of a legal agreement between the parties and the government. A failure to abide by the agreement can trigger a divorce. There is often debate over whether some failures more serious than others. The answer depends on the situation but there is a growing argument that in many relationships financial infidelity tops the list. A report from National Debt Relief supports this argument. The group condu ..read more

Divorce marks a turning point in life, and the stakes are even higher when the divorcing couple owns a business. As a couple negotiates the distribution of assets, the valuation of any jointly owned business becomes a critical factor. The role of business valuation in a divorce Business valuation plays a pivotal role during divorce proceedings. It provides an objective measure of what the business is worth. This value comes into play when dividing assets between the spouses. Without a clear, current and accurate business valuation, it is impossible to ensure that the division of assets is fair ..read more