Helping Clients Resolve Community Property Issues in Divorce
The division of community property — which includes most types of property acquired by either spouse during a marriage — can easily become one of the most contentious issues in a divorce case, especially when one or both parties has acquired substantial assets and/or debts.
At Mullins Law Firm, our Las Vegas asset division attorneys provide attentive representation to clients throughout southern Nevada. We work to achieve settlements quickly and efficiently whenever possible so we can focus our attention on cases that require aggressive litigation.
Identifying and Distributing Marital Assets and Debts
The first step in the process of asset division is deciding which assets are community property and which are separate property. In some cases, assets acquired by one party before the marriage that gained value during the marriage can be considered quasi-community property.
All property that is identified as community property must be divided equitably (which does not necessarily mean equally) between the parties as part of the divorce decree.
Due to the current state of the economy, marital debts — which are divided under similar principles — are a particularly major concern for many people. In many divorce cases, the biggest challenge is determining how to divide a house with an underwater mortgage.
Our attorneys have the experience and insight to help clients in all financial circumstances — from those who are primarily concerned about their debts to those who own businesses and large marital estates — negotiate property settlements and litigate property division disputes.
Contact Our Southern Nevada Divorce Attorneys to Discuss Your Case
The distribution of community assets and debts in your divorce case will have a major impact on your financial future. You need lawyers who are prepared to advocate for a fair and equitable outcome. To discuss your case, please contact us at 702-878-7288 or by e-mail.