Property Division in Nevada
Las Vegas Divorce Lawyers
In a divorce, the courts need to settle all the material affairs from the
marriage and one of the most important matters the court must handle is
dividing up the property. Nevada courts will do the best they can to allocate
the property to each spouse equally; however, no one should go to court
without having representation. If you are in the middle of divorce proceedings,
you need to retain a
Las Vegas divorce attorney to ensure you and your assets are protected.
How does property get divided?
Nevada is a community property state which means that all income earned
and the property acquired by either spouse during the marriage is community
property belonging to both spouses and must be split equally or equitably
in a divorce. All property acquired by the couple prior to the marriage
is presumed to be separate property.
Non-marital or separate property includes:
- Property gained by either spouse before the marriage
- Property acquired after the marriage as a gift, bequest, devise, or descent
- Awards for damages due to personal injury
After deciding which property may be distributed, the judge will decide
how to best divide the assets.
Common property is allocated the following way:
- Cash is divided equally between the spouses
- Retirement plans are divided according to the amount accrued during the marriage
- Vehicles are divided based on their values as determined by the court and
may be sold
- Insurance is divided according to the portion paid for or acquired during
Leavitt Law Firm is Ready to Help You
Having an experienced divorce attorney from Leavitt Law Firm by your side
during divorce proceedings who can offer needed counsel can be a great
help in your case. You have a much better chance of getting the most equitable
result in a property division phase with seasoned guidance to keep you
informed along the way.
Call our firm before you go to trial to divide your property. We can provide beneficial counsel!