Nevada Debt Division.
Dividing property in Nevada divorce is referred to as a community property. Nevada is referred to as a community property state. So what does this mean? It means that anything that is gained during the marriage, before the divorce, is considered to be owned by both spouses. It also means that the divorce courts will try to split the property as equally as they can, in the divorce. Now there are certain things that are not considered community property, and it can also be gained during the marriage, so lets take a look at the things that will not be community property in a divorce in Nevada.
1. Things and assets you had before you were married., these things are considered separate property in the divorce, and you need to have kept it separate in the marriage, which means nothing can be sold and then commingled together.
2. If there is a separate investment and this produces income, it can also be referred to as separate property as long as the money from the investment is not commingled with any marital money and property.
3. Things you inherit from your family, it can also be inherited before and during the marriage, and its important not to again commingle the property together.
Sometimes when things are commingled with marital property, they can be split equally in the divorce. It is also important to keep all documents and proof of your separate property, so that why sometimes when commingled, it can be a proof that it is yours. Now if you and your spouse have a written agreement to whom gets what and what can get taken and split up in a divorce.