Las Vegas Property Division Attorney
Marriage means building a life together, and part of that building is done through the accumulation of things—a home, cars, furniture, investments, perhaps a business. When a marriage ends, all of these assets, as well as debts, must be divided in the divorce process. At Ghandi Deeter Blackham Law Offices, we are highly skilled at handling property division issues that may arise during a divorce. Our family law attorneys understand how Nevada courts are likely to decide who gets what when dividing marital property, and we have experience representing clients in complex property division cases involving significant assets and business valuations.
Nevada Property Division Law
Nevada is a community property state, which means that if a divorcing couple is unable to reach an agreement on how their assets and debts should be split, a court will divide their property based on community property principles, the overall gist being that assets and debts acquired during a marriage are presumed to be owned equally by both spouses. As such, courts are instructed to divide a couple’s assets equally upon divorce, unless there is a compelling and fair reason to divide assets unequally. Debts incurred during the marriage are also considered community debts, and both spouses are equally responsible for them unless it can be shown that splitting the debt 50/50 would be unfair.
Identifying Marital Property & Separate Property
Under community property law, there are generally two types of property—marital (community) property and separate property. Marital property refers to all possessions and interests acquired by a couple during marriage, including income earned by either spouse while married and property and assets accumulated with this income, such as a house, vehicles, jewelry, etc. Meanwhile, separate property encompasses all assets and debts owned before marriage, an inheritance received by one spouse, gifts received by one spouse, and property both spouses agree in writing is one spouse’s separate property. In the community property system, each spouse’s separate property remains separate after getting married and remains separate after divorce.
Our attorneys are skilled at identifying marital and separate property to ensure our clients come out of the divorce with their assets and interests intact. If you and your soon-to-be-ex cannot agree on property division or if there are certain assets in dispute, our firm has experience convincing Nevada courts that there is a necessary and fair reason to divide property unequally.
Speak to a Knowledgeable Las Vegas Property Division Attorney
If you are concerned about how your assets and debts will be divided during the divorce process, call Ghandi Deeter Blackham Law Offices to speak with a knowledgeable Las Vegas property division attorney. We can help you achieve a fair division of property that puts you on strong financial footing as you start the next chapter of your life.