In a Nevada divorce, retained earnings of a premarital business are separate property. A business that a spouse owned before marriage is classified as separate property and the income received from the property is also considered the separate property of the spouse. Several circumstances exist that can make separate property become community property.

The court may order people to participate in parenting coordination to help them effectively resolve child-related disputes. When divorced and making decisions regarding their kids apart, parents may struggle to see each other’s points of view and to reach agreements on their own. In such cases, it may help for someone from outside the situation to help parents get on the same page.

The disruptions caused by the COVID-19 pandemic could cause one partner's assets to depreciate significantly. Assets can appreciate in rare cases. Even if the original arrangement reached a reasonable division, this distorts cash flows for divorcing couples.

Taking certain steps may help people save time and conserve funds as they get ready to divorce. According to the American Psychological Association, approximately 40 to 50% of U.S. marriages end in divorce. Making the difficult decision to split only starts the ball rolling, however. Couples must settle a range of matters when separating their finances and lives, which may be time-consuming and costly.

The divorce rate for second marriages is higher than that of first marriages. In the U.S., about 50% of first marriages and 67% of second marriages end in divorce.

Investment value, fair market value, and fair value are the commonly accepted standards of value in divorce cases. Divorce can become more complicated when a business is involved. A standard of value is a set of conditions under which a closely held business will be valued.

A conversation about breaking-up will be remembered forever. It is one of the most difficult discussions spouses can have. Organizing one’s thoughts and preparing emotionally are crucial steps that will set the tone for the divorce. If leaving an abusive relationship, a safety plan should be in order before the abuser is aware of the situation.