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Category Archives: Property Division

Pets

Pets & “Parenting” Time

By Kainen Law Group |

Pet owners generally see their cat, dog, or other animal as part of the family. However, the law does not necessarily follow suit, and as such, this can make for difficult discussions during a divorce. If you are a pet parent, it is important to be aware that your pets are not going to… Read More »

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Community Debts In Nevada

By Kainen Law Group |

Nevada is a community property state, meaning that when couples divorce, all the property acquired during their marriage is generally split equally, with few exceptions. However, many couples forget that the couple’s debts must also be paid. It is important to keep in the debts in mind when addressing a divorce, lest your ex-spouse’s… Read More »

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Is My Spouse Hiding Assets?

By Kainen Law Group |

In many divorces, especially those involving people with high net worth, asset division can become complex, even within the framework of community property rules. On occasion, one spouse will attempt to hide assets from the other, or to somehow put those assets out of reach. There are ways to try and discover this misconduct,… Read More »

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Commingled Separate Property In Divorce

By Kainen Law Group |

Nevada is a community property state, which means that any asset or debt acquired during the marriage will be equally divided between the spouses during a divorce, absent a compelling reason to make an unequal division. However, when determining which assets are community assets, sometimes there will be confusion and questions over certain assets… Read More »

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Unique Community Property Issues

By Kainen Law Group |

Divorce is never easy, but in a community property state such as Nevada, it tends to be more standardized. While most states in the U.S. observe the equitable distribution model of asset division between divorcing spouses, Nevada and eight others have chosen community property as the preferred model. The differences can be significant, and… Read More »

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Cohabitation And Community Property

By Kainen Law Group |

Nevada is one of nine states that still uses the community property system of asset distribution upon divorce, which means that unlike other states where assets are evaluated and distributed according to equity principles, everything in Nevada is divided as close to equally as possible. However, in this day and age, fewer couples are… Read More »

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Dividing High Value Assets As Community Property

By Kainen Law Group |

When a couple has a high net worth between them, dividing marital assets down the middle can be complicated. Ensuring that both spouses receive their half of the community property in a can be quite complex. It is important to ensure that you have an attorney on your side who knows the relevant procedures…. Read More »

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QDROs In Nevada

By Kainen Law Group |

When a couple divorces in Nevada, all community property should be divided equally, as Nevada is a community property state. This does include instruments like retirement accounts and insurance policies, or at least the portion that was paid in during the marriage. However, such accounts cannot simply be divided by handing a lump sum… Read More »

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What Is A Business Valuation?

By Kainen Law Group |

During a Nevada divorce, marital assets are divided between the spouses equally, given that the state follows the community property system of division. This does not mean that assets must be divided exactly equally, however; rather, it means that the value of each spouse’s part of the marital estate should be equal, rather than… Read More »

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The Status of Pets During A Nevada Divorce

By Kainen Law Group |

Some people’s pets are an absolutely critical cornerstone of their lives, providing companionship and safety. To others, or to their spouses, a pet is mere property, especially if it is rare or purebred. As such, there can actually be surprisingly fierce dispute over who may take ownership of a couple’s pets, and what asset… Read More »

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