Are Second Marriages at Greater Risk of Divorce?

Woman giving her marriage ring back to her husband, divorce

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.

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Understanding the Accepted Standards of Value in Divorce Cases

Silver wedding rings on one hundred dollars bill background

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.

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Mandatory Disclosures

Financial Disclosures

Is It Time to Have the Break-Up Conversation with Your Spouse?

Pensive woman and her husband in back

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.

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Protecting Your Business in a Nevada Divorce

A marriage couple cartoon model standing on a prenuptial agreements

Prenuptial agreements, buy-sell/buyout agreements, and trusts can protect a business in the midst of a divorce. Prenuptial agreements are made between prospective spouses in contemplation of marriage and are effective upon marriage. Discussing a prenup during wedding planning can offer a positive sense of security. Buyout agreements are made between co-owners of a business and dictate decisions should one owner be forced to leave, choose to leave, or upon death. Trusts allow parents to give business-related assets to the child(ren) without fear that the child(ren) will lose those assets later.

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Your Guide to Business Valuations in Nevada Divorce Cases

Piles of coins on desk with a house at background

During a divorce, assets must be divided equitably between the two spouses, and marital businesses are no exception. To be divided fairly, a business’s value must be assessed and an investigation must take place to determine how much of the business qualifies as community property. A business can be evaluated in different ways, but the most common methods for conducting business valuations are the book value method and the market/earnings method.

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Helping Your Kids Survive Your Divorce

sad children hugging his mother

Divorce can bring about changes in a child’s life that affect his or her emotional wellbeing. The stress of this new family dynamic can be offset with age-appropriate open communication, well-maintained familial relationships, structured visitation schedules, and preservation of familiar daily routines. Cooperative parenting will help to ease a child’s experiences during the transition process. For parents struggling to negotiate custody arrangements, mediation and court-ordered agreements can help provide guidelines. 

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How Is Custody Determined in Nevada

Daughter drawing with her father together

Child custody agreements in Nevada address legal custody, physical custody, and visitation schedules. Typically, joint custody is favored when possible, unless it is not determined to be in the best interests of the child. When separated parents are on amicable terms, parenting agreements are generally constructed by the parents with assistance from a mediator when necessary. If there is a dispute that cannot be resolved outside of court, a Nevada judge will make a custody decision in the best interest of the child.

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Marital Agreements

Marital Agreements Prenup

Surratt Law Practice, PC is a Reno, Nevada firm that can represent you in drafting and/or negotiating a prenuptial or postnuptial marital agreement.  Prenuptial agreements are a tool to address property and asset division before a relationship goes “sours” when the two people still care about each other.

In the state of Nevada, engaged, married, or cohabiting couples may enter into agreements defining their property rights, and depending upon the type of agreement, their support, and other rights and obligations according to Chapter 123A.010 – 100 of the Nevada Revised Statutes.

The Uniform Premarital Agreement Act defines a premarital agreement as, “an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage.” Talking about establishing a prenuptial agreement as part of your wedding plans may seem like a negative conversation. The emotional dynamic of “negotiating the divorce while planning the wedding” can be difficult.

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