Las Vegas Asset Division Lawyer

Dividing Community Property and Debts

Before your divorce can be finalized, either you and your spouse or a judge will need to decide how your assets and debts are going to be divided. For some couples, this is one of the most contentious parts of the divorce process, but for anyone, it can be a headache.

We are attorneys Donn Prokopius and Jeremy Beasley. Since 1997, we have been helping clients in Las Vegas and throughout Southern Nevada pursue fair asset division outcomes. We offer my clients the personal attention and skilled guidance of an experienced Nevada divorce lawyer.

Understanding the Basic Rules of Property Division

Under Nevada community property law, most assets and debts acquired by either spouse during a marriage need to be divided equitably in the event of divorce. Assets acquired before the marriage, as well as inherited assets, are separate property and do not need to be divided.

"Equitable" division of assets and debts does not mean that every single item must be split in half, or that the overall division has to be exactly 50/50. It means that the property must be divided fairly.

Dealing With Complex and Contentious Situations

Deciding who gets what can be one of the most stressful parts of the divorce process, even if both parties are committed to achieving a good-faith resolution. Asset and debt division can require even more time and attention if there are specific complicating factors. For instance:

• One spouse may own a business or another asset that is difficult to accurately value.
• It may not be clear whether a particular asset is separate or community property.
• One spouse may have racked up debts wastefully, without the other's consent.

We are dedicated to helping my clients find solutions and articulating their best interests when it comes to asset and debt division in divorce. To discuss how we can help you pursue a positive outcome, we encourage you to contact our office to schedule a consultation.