Tag Archives: community property
Community Debts In Nevada
Nevada is a community property state, meaning that when couples divorce, all the property acquired during their marriage is generally split equally, with few exceptions. However, many couples forget that the couple’s debts must also be paid. It is important to keep in the debts in mind when addressing a divorce, lest your ex-spouse’s… Read More »
Commingled Separate Property In Divorce
Nevada is a community property state, which means that any asset or debt acquired during the marriage will be equally divided between the spouses during a divorce, absent a compelling reason to make an unequal division. However, when determining which assets are community assets, sometimes there will be confusion and questions over certain assets… Read More »
Navigating The Community Property System
In this day and age, only nine states follow the community property system, with a tenth, Alaska, allowing couples to opt in. This means that the odds of a divorcing couple understanding the community property system is somewhat low, especially if they moved from another state to Nevada. If you are unfamiliar with community… Read More »
What impact will divorce have on your estate plan?
Nevada is one of nine community property states. That means, if you get divorced in Nevada, the assets acquired over the course of the marriage are regarded as community property to be equally divided, unless there is clear and convincing proof to the contrary. Likewise, debts acquired during the marriage are presumed community debts…. Read More »
Demi Moore seeks spousal support from Kutcher
Demi Moore has filed a response to Ashton Kutcher’s divorce filing in which she asks for significant spousal support and a portion of his earnings amassed while they were married. Mr. Kutcher entered the marriage with a lower net worth and less income than Ms. Moore, but has found increasing success in recent years… Read More »
Community property division likely to be an issue in Wonder’s divorce
California, like Nevada, is one of nine states which recognize the division of community property. This includes most types of property acquired during the marriage by either spouse. For prolific musician Stevie Wonder, this is likely to be a sizable gain, earned from appearances and royalties, for example. Community property division means the gains… Read More »
Financial and investment issues to consider in divorce
There are many decisions that need to be made during the divorce process. Because today’s decisions will impact your future, this is not the time to put financial decisions on the backburner. In community property states such as Nevada, most property acquired during a marriage, excluding gifts and inheritances, is jointly owned by both… Read More »
Las Vegas divorce and property division: hidden assets
Hidden assets are not a major concern in most Nevada divorce cases. There are of critical concern and frequently an issue, however, in high-asset divorce cases that involve complex financial assets. Although hiding assets in a divorce is illegal and can have severe consequences, spouses are often willing to risk those consequences for various… Read More »
Up to $400 million at stake in Schwarzenegger-Shriver split
As the dust settles around the Arnold Schwarzenegger and Maria Shriver separation, complete with allegations of infidelity and extramarital children, many are speculating about the couple’s next move. It was recently reported that both spouses have both hired divorce attorneys, so it appears that a permanent split is imminent. It is no secret that… Read More »