This is the first post in a series which will discuss how Nevada’s community property laws impact the division of home equity and other investments during a Las Vegas divorce. I am writing on this topic due to the fact our area has seen rapid home appreciation in recent years and the stock market is currently near all-time highs. For obvious reasons, the issue of how to divide such assets can lead to disputes during a divorce case. The goal of my coming articles is to provide information which will help people to better understand their situation. I also hope that this information will help people make an informed decision when the time comes for them to select a family law attorney. If your require assistance then contact my office today to speak with a lawyer.
I will be addressing several topics over my coming articles. Issues which I will analyze include:
- How increased stock values impact community property divisions
- The impact of increased home prices on a divorce
- The possibility of fully retaining the value of one’s home or retirement accounts
There are multiple reasons why I am choosing to discuss these topics. First, a person with a substantial stock portfolio will likely be concerned with having to liquidate their positions in order to settle a divorce. It is, therefore, important to understand the extent to which one’s spouse will be entitled to any gains made by the portfolio. Second, a spouse may wish to keep the marital residence in a divorce but, for obvious reasons, will be concerned at the extent to which they must share any equity with their soon to be ex. Finally, it is important to understand that you may be able to reach a resolution in which you keep such assets in exchange for other concessions.
An important point to understand is that Nevada’s community property laws are complicated and parties are often surprised to learn the ways in which they will apply to a divorce case. A spouse may be entitled to more of one’s assets than is originally believed or they may be entitled to less. How any assets will be divided will depend on several specifics. These include the time in which the assets were purchased, how they were purchased, etc. If you have questions as to what you may or may not be entitled to then it is important to speak with a Las Vegas divorce lawyer. I devote my practice exclusively to family law and I am able to assist with such matters. Contact my office today to schedule an initial consultation.
