Divorce Property Division
Property Division in Nevada
Las Vegas Divorce Attorney
At The Firm we assist clients in the Las Vegas, Nevada area to get a fair property division of assets in divorce. We have a thorough knowledge of the law in the area and a reputation for aggressive defense of our clients’ rights. Parties who try to represent themselves are often taken advantage of in the property division. If there is a disparity of income between the spouses, we are quite willing to represent the party with lesser income. We move in court for the more affluent spouse to pay our attorney’s fees as needed. If you need help with property division representation, we urge you to contact a Las Vegas divorce lawyer.
Nevada is a community property state. This means that all property acquired by the parties during the marriage is considered community property. This includes assets and debts. This property is divided evenly regardless of who earned the money. Of course not all assets are split. If one party gets the car the other would get property of equivalent value.
Property a spouse brings into a marriage is considered separate property. Inherited property and gifts to spouse would also be separate property. Where a spouse has used separate property to enhance community property such as a spouse using funds from an inheritance to help buy a home, that spouse would be entitled to reimbursement of that contribution. The reimbursement would be limited through to the actual amount contributed without allowance for interest or increases in property value.
At The Firm, we vigorously defend our clients’ rights. We make every effort though to negotiate an equitable settlement of property division issues with the other party. However where the spouse is unwilling to be reasonable, we are skilled in prosecuting our clients’ claims in court.