Property Division in Divorce
Nevada is a community property state. From the day you are married until the day your divorce is final, all the property you accumulate is owned 50-50 by the two parties, with a few important exceptions.
The divorce and family law attorneys of Bellon & Maningo, Ltd., in Las Vegas, protect the financial interests of clients in divorce and legal separation. They work diligently to ensure that all marital property is divided evenly and that your separate property remains yours alone.
Separate property includes:
- Assets that belonged to you before the marriage
- Gifts made to you alone
- Inheritances
- Court awards, such as a recovery in a personal injury claim
In some instances, separate property can become community property and vice versa. The lawyers of Bellon & Maningo will review your financial situation and develop a plan to protect your assets as much as possible.
Experienced in Complex Property Division
Bellon & Maningo has represented lawyers, judges, doctors, business owners, casino executives, celebrities and many other high net-worth clients. The attorneys of Bellon & Maningo routinely handle property division for clients with complex assets, including businesses, retirement accounts, stocks and stock options, multiple pension plans and extensive real estate holdings.
Bellon & Maningo considers the impact of the current economic downturn and advises clients accordingly so they won't be left with an asset that is unlikely to hold its value.
Division of Debt
Debt is divided in the same manner as property. Since Nevada is a community property state, debt accumulated from the date of your marriage to the date of your divorce is divided 50-50. Your mortgage, credit card debt and other loans will be split amongst the parties evenly.
You can rely on Bellon & Maningo for effective representation whether your marital estate is modest or worth tens of millions of dollars.
If you need a divorce attorney who will advocate in your best interest, contact Bellon & Maningo. Call 702-997-6042 or e-mail the firm to arrange a consultation about the property division issues in your divorce or separation.
