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Category: Divorce

Learning about the divorce laws, using a mediator, being willing to compromise, and honestly disclosing assets are some of the steps that one can take to accelerate the divorce process in Nevada. Divorce attorneys help spouses wishing to have a quick divorce explore their options and avoid the pitfalls that slow down the process. Below is more information on expediting a Nevada divorce.
In a Nevada divorce, retained earnings of a premarital business are separate property. A business that a spouse owned before marriage is classified as separate property and the income received from the property is also considered the separate property of the spouse. Several circumstances exist that can make separate property become community property.
The court may order people to participate in parenting coordination to help them effectively resolve child-related disputes. When divorced and making decisions regarding their kids apart, parents may struggle to see each other’s points of view and to reach agreements on their own. In such cases, it may help for someone from outside the situation to help parents get on the same page.
The disruptions caused by the COVID-19 pandemic could cause one partner’s assets to depreciate significantly. Assets can appreciate in rare cases. Even if the original arrangement reached a reasonable division, this distorts cash flows for divorcing couples. In uncertain economic times, achieving an equal property division can be difficult. Due to such unexpected circumstances, the valuation of a company could change significantly within a matter of months. This financial disparity may make a business partner feel short-changed in comparison to other marital assets that were previously of comparable value. To account for these changes, the asset allocation may need to be revisited.

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