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Nevada Property and Debt Division

Las Vegas Property and Debt Division Lawyers

If you or anyone you know in southern Nevada—Las Vegas, Henderson, Boulder City, or Mesquite—are dissolving a marriage or a business partnership and need to divide property and/or debt, you need the best legal representation you can get to help you move smoothly through the process.

You need The Law.

The Nevada Revised Statues (NRS) 123 covers personal situations in detail. All property you or your spouse owned before marriage or that was acquired after the marriage is separate property, owned by that individual. Some people often do a simple prenuptial agreement to protect their personal property before marriage. After marriage, the State of Nevada views all property owned, acquired, awarded or by any other method acquired by married persons as community property. Community property remains linked so long as the marriage lasts. If you have retained possession of your personal property, however, even while married you can do with your personal property what you wish.

Children can retain rights to their own property. The law can get complex here and you should consult me to make sure any property your child or children have remains protected. A minor child’s earnings can be listed as community property. They can also be awarded to a spouse who wins custody of the children. You need to reach out to me soonest to make sure that any financial account or property you’ve set up to benefit your children stays with them.

Spouses have many rights with community property. One spouse can grant the right to another to manage community property as they see fit. For the most part, both must agree to give away more than half the community property, buy any extra property, create security interests, or enter into any business agreements that will affect community property. If your spouse is not abiding by these guidelines, contact me and I can help you make sure your rights are protected.

Unless you and your spouse created a separate agreement, like a family trust, or will, upon the death of a spouse all community property becomes the possession of the surviving spouse.

Outside of prenuptial agreements and divorce or separation, there are reasons why married spouses might want to divide income and resources. The NRS covers this situation. In my 30+ years of experience I have seen almost everything. It is hard to shock me. I can help you regardless of your situation.

Division of business assets is also covered in NRS 87. I can help you to divide business assets, do an economic valuation of community and/or business assets, and make sure your rights and the needs of your family are covered. This aspect of the law can get quite complicated. You want to make sure that the assets are divided fairly, especially if you had no prenuptial agreement or other means of ensuring a fair division upon dissolution of a marriage or a business.

I have over three decades’ worth of experience in this area.

Hire me.