Las Vegas divorce involving property, retirement, and/or high incomes.

The courts call divorces involving retirements and high-income individuals, “high asset divorce cases,” and it is crucial to retain a qualified divorce attorney who is experienced with both family law and high-income individuals due to the complexity of the assets involved. Married couples with accumulated property and wealth are considered “high asset” when there are pensions, cars, boats, real estate, securities portfolios, business partnerships, stocks, investments and bonuses to be considered in a divorce.

After you have hired your family law attorney, it is time to consider hiring a tax accountant and financial/tax specialists.

Now that the stock market is recovering, investment accounts are rising in value, and deferred compensation is returning, high-income individuals facing divorce are again dividing assets instead of only debts.

In high asset divorce cases, issues to consider include:

·      Actual legal ownership of all property prior to divorce
·      The actual legal ownership in the event of a settlement
·      The actual legal ownership following a trial and judgment
·      The tax considerations of dividing assets
·      Worth or value of all assets
·      Security clearance for certain jobs and the consequences of divorce, debts, bankruptcies, and foreclosures
·      Community Property
·      Separate Property
·      Gifts
·      Prenuptial agreements and ante-nuptial agreements
·      Post-nuptial agreements and marital settlement agreements
·      Which of the three would be most productive: trial, mediation, or settlement negotiations

Family law by any other name is still family law

This blog is written so that individuals in other states will understand that there are different names for different concepts of law in different states.  For instance, some states call family law, domestic relations law.  Of course, domestic relations law, or family law, consists of many areas including divorce law, child custody law, and child support law.

Some states use words like sole custody, visitation, primary custody, joint custody, shared custody, legal custody, physical custody, custodial parent, noncustodial parent.

Some states call divorce, termination of marriage, no fault divorce, fault divorce, and dissolution of marriage.