Tag Archives: high-asset divorce
Rapid-fire divorce celebrations
When a divorce becomes final, many people find it cathartic to celebrate the occasion with friends and family. After a divorce, some people throw a party where laughs and well wishes for the future are in order, while others trace a line of bullets across their marriage certificate, turning the once-cherished document into confetti…. Read More »
A fresh start in a new year
The holidays are over. The tinsel has been taken down, the presents unwrapped and the pine needles swept away. It’s even starting to become natural to write “2015” instead of “2014.” For many people, the transition from the holiday season back to regular life means it’s time to finally tackle the big item on… Read More »
Getting help with property division in a high asset divorce
A Las Vegas divorce can involve many complicated issues, including decisions about how assets of high value should be split up. Although Nevada is a community property state, specific assets may not need to be shared in a 50-50 manner as long as an equal value of the marital estate is assigned to each… Read More »
Protecting a business in a Nevada divorce
Many people that divorce in Nevada and elsewhere have businesses they own, sometimes started long before their marriages occurred. When a marriage falls apart and a divorce petition is filed, the question of the business will most likely arise during the property division portion of the divorce. Business owners should take steps to preemptively… Read More »
Keeping inheritances separate in case of divorce
Spouses who anticipates receiving an inheritance while married in Nevada may need to understand the rules for how inherited assets are treated if a marriage ends. When one person inherits money or property that is specifically left to him or her and not a spouse that person’s partner could still claim a share in… Read More »
Dealing with the family home in a divorce
Nevada homeowners who are facing a divorce may be interested in some of the considerations that need to be made with regard to property division. Deciding when and how to deal with the division of a home can be very important, particularly when one spouse keeps the residence. In many cases, particularly when children… Read More »
How inheritances are split in Nevada divorces
Nevada is a community property state, and this means in a divorce, assets are supposed to be split equally. However, there is still a number of assets that are exempt from this split, including inheritances in some cases. An inheritance left by a family member of one spouse to both spouses would be considered… Read More »
$1 billion divorce settlement deemed a disappointment
Nevada residents may have heard about the divorce of a 58-year-old woman from her oil tycoon husband. She is planning to appeal an Oklahoma divorce settlement ruling that awarded her almost $1 billion. The couple was married for 25 years, had two children together and had no prenuptial agreement. Experts in high asset divorces… Read More »
Divorcing billionaire claims to have paid wife millions already
Nevada hedge fund investors may be interested to hear that Kenneth Griffin, the founder of Chicago-based Citadel LLC, claims to have paid millions of dollars to his wife under a prenuptial agreement. The billionaire made the claim in documents that were filed in an Illinois state court on Oct. 2. Griffin has been going… Read More »
Billionaire’s divorce may result in unprecedented settlement
Nevada couples considering divorce might be interested in the recent case involving the oil tycoon Harold Hamm. Authorities reported that the legal split between Hamm and his wife of 26 years might result in the largest recorded divorce settlement ever. Reportedly, the Oklahoma court presiding over the divorce trial has cleared its docket for… Read More »