The post Business Ownership in Divorce Proceedings first appeared on The Abrams Law Firm, LLC. Divorce matters for high-net worth individuals entail complicated issues. Many of these are financial in nature and can include luxury homes, vacations properties, investment accounts, and business ownership, to name just a few. In this article we discuss the aspects of business ownership in divorce proceedings and the important decisions that face every business owner. Businesses owned by either or both spouses are subject to property division during divorce proceedings. In some instances there is a ..read more

The post 7 Mistakes Professionals Make in Divorce first appeared on The Abrams Law Firm, LLC. Going through divorce proceedings are some of the most challenging times in one’s life. The very nature of divorce is inherently stressful even if both spouses agree on dissolving the marriage. When one or both spouses are professionals it can be even more so. The necessity of dividing marital assets and agreeing on child related issues only adds to the hectic schedules of most working professionals and can be exhausting. Resolving your divorce case lowers your stress level and allows you to move on w ..read more

The post Do You Qualify for Alimony Payments in Your Divorce? first appeared on The Abrams Law Firm, LLC. One of the most contested issues in divorce cases concerns alimony payments. Typically one party thinks they deserve it and the other party doesn’t want to pay it, or at least not the full amount that’s being asked for. In this article our Las Vegas divorce attorneys set the record straight on alimony payments. Temporary Support and Alimony During the divorce proceedings one spouse may qualify for temporary spousal support. This form of support is sometimes confused with alimony, but the t ..read more

The post Bill Gates Divorce first appeared on The Abrams Law Firm, LLC. Bill Gates, the world’s fourth-richest person, and his wife, Melinda, recently announced that they are getting a divorce after nearly 30 years of marriage. They have an estimated combined net worth of $144 billion. The divorce was filed in King County Superior Court in Seattle, Washington. The divorce has captured public attention and has raised a number of questions in the divorce legal field. Read on for a discussion by our divorce attorneys in Las Vegas for several of the interesting issues in the Bill Gates divorce. Gr ..read more

The post Pensions and Divorce in Las Vegas first appeared on The Abrams Law Firm, LLC. Not all assets in a divorce are as simple to divide as a bank account or a house. Some assets require complex valuation and additional legal hurdles in order to be properly distributed in divorce proceedings. Pensions and other retirement accounts raise a number of valuation issues, tax concerns, and legal technicalities. Divorcing spouses with a pension plan need the guidance of experienced Las Vegas divorce attorneys. The division of a pension plan not only requires complex calculations; it must also adher ..read more

The post Lottery Winnings in a Las Vegas Divorce first appeared on The Abrams Law Firm, LLC. There have been cases where one spouse wins a lottery or comes into another form of financial windfall during a Las Vegas divorce case. If you win the lottery or achieve some other significant financial upside, but are separated or in the middle of a Las Vegas divorce, what happens to your money? Do you get to keep it for yourself or are you obligated to divulge and divide it with your soon-to-be-ex? Continue reading to learn more from our Las Vegas divorce attorneys on how Nevada law treats lottery wi ..read more

The post Pitfalls to Avoid in Prenuptial Agreements first appeared on The Abrams Law Firm, LLC. Prenuptial agreements (also called antenuptial agreements or “prenups”) are no longer the exclusive concern of the rich and the famous. Today, they are an important consideration for any marrying couple, whether both spouses are income-earning or one spouse has significantly more wealth than the other. What many people don’t realize, until it’s too late, is that not all prenuptial agreements hold up in court. In this article, our seasoned Las Vegas prenuptial agreement attorneys discuss pitfalls to ..read more

The post Grandparents Rights first appeared on The Abrams Law Firm, LLC. Family comes in many forms. Many people consider their “immediate family” to include more than just the traditional “nuclear” structure and may involve cousins, aunts, uncles, and grandparents. In many families, grandparents are just as involved in the upbringing of grandchildren as are the children’s direct parents. What happens if there is a conflict between a child’s parents and grandparents? Do grandparents have any custodial or visitation rights of their own, or do the wishes of the parents always control? In this ar ..read more

The post What is Temporary Spousal Support? first appeared on The Abrams Law Firm, LLC. Nevada law provides for several different types of spousal support. Depending on a number of factors, if one spouse in a divorce proceeding has a higher income than the other, a court may award temporary spousal support during the length of the proceedings. This temporary support is designed to help the lower-income spouse pay for living expenses until the divorce is final. Some people confuse temporary spousal support with alimony. Alimony payments, if any, occur after the divorce proceedings have conclude ..read more

The post Divorce and Social Security Benefits first appeared on The Abrams Law Firm, LLC. When you divorce, all of your income and assets obtained during the divorce are subject to distributions that are not covered in a pre or post-marital agreement. Not all forms of income are treated the same, but all may come into play. There are special rules for certain assets such as pension funds, retirement benefits, and Social Security benefits. In this article, our Las Vegas divorce attorneys discuss how Nevada state law and federal law deal with divorce and social security benefits. Social Security ..read more