Nevada is a community property state. Here is what that means for your home, retirement and debt in a divorce.
How property is divided is one of the most important parts of any divorce. Nevada follows community property rules, which sound simple but are often more complex in practice.
In general, assets and debts acquired during the marriage are community property and are divided roughly equally. Property you owned before the marriage, or received by gift or inheritance, is usually separate property.
Deciding whether an asset is community or separate, and what it is worth, often takes careful work. Getting it right protects your share. See our property division page for more.
Full, honest disclosure from both spouses is the foundation of a fair split. A prenuptial or postnuptial agreement can also define how property is divided ahead of time.
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Community property is generally divided equally, but classifying and valuing assets, and accounting for separate property, can change the practical result.
Usually not. Gifts and inheritances are typically separate property, but they can become mixed with community property if they are not kept separate.