Hidden Assets During Divorce in Nevada
Serving Las Vegas, North Las Vegas, Henderson, Overton, Moapa Valley, Mesquite, Laughlin and all of Clark County
Because of the contentious nature of divorce, it is not uncommon for a spouse to try to hide assets from the other spouse during divorce proceedings. This is especially true when it comes to the division of assets in a community property state like Nevada.
Hiding assets can be motivated by a variety of reasons, such as greed or the feeling of justification because of the other spouse’s behavior, but doing so is strictly prohibited under Nevada law.
Unfortunately, concealed assets often go undiscovered if the lawyer handling your case doesn’t have experience discovering these assets in a divorce proceeding.
Hidden Assets Divorce Attorney in Clark County, Nevada
When faced with a divorce, the distribution of community assets and debts can have a major impact on a spouse’s financial future. Unfortunately, there is no often way to know if a spouse is hiding assets in a divorce without doing extensive and meticulous research.
An experienced lawyer knows the methods to uncover hidden assets so that the client’s interests are protected and their financial future is not put at risk. The attorneys at Mills & Anderson are experienced in discovering hidden assets and handling complex issues, including division of marital property, separate property, child support, alimony/spousal support, and parental rights.
Contact us at (702) 386-0030 to schedule your consultation today.
Hidden Assets Information Center
- What property is a spouse entitled to in a divorce
- What assets are commonly hidden in a divorce
- More resources on hidden assets in divorce
Nevada is a community property state. Pursuant to Nevada Revised Statute 123.220, community property is any property acquired after marriage by either spouse. In other words, this means both the assets and debts acquired by either spouse after marriage are equally owned by both spouses unless otherwise stated in a premarital or prenuptial agreement.
When most people are going through a divorce, they only consider the obvious assets such as the family home, joint checking accounts, and joint savings accounts. However, several other types of assets are often overlooked, hidden, or not recognized by the spouses as a valuable community property interest.
Commonly Overlooked Assets:
- Rewards Points (credit cards and frequent flyer miles),
- Vacation Property and Timeshares,
- Intellectual Property (trademarks, copyrights, and patents),
- Safety deposit boxes
- Off-shore accounts
- Constructive trust accounts (money/property being held by a third party)
- Tax Refunds, and
- Art and Antiques
Clark County Recorder’s Office– Visit this website to conduct land record searches to obtain information regarding foreclosures, liens, and ownership documents. The Clark County Recorder’s Office also allows you to search the land records using a legal name, company or business name, and also by land parcel number.
Forensic CPA Society – Visit this website to learn more about how Forensic Certified Public Accountants are able to assist lawyers in actual or anticipated disputes and litigation.
Experienced Las Vegas, Nevada Hidden Asset Divorce Attorneys
When going through a divorce, a single misstep could result in your financial future being compromised. We have successfully represented clients throughout the Clark County area including, North Las Vegas, Boulder City, Henderson, and Mesquite.
We also represent clients in a variety of issues including:
- Contested Divorce
- Uncontested Divorce
- Incapacitated Divorce
- Military Divorce
- Mediation Divorce
- High Income and High Net Worth Divorces
- Military Divorce
- Temporary Alimony
- Rehabilitative Alimony
- Division of Community Property
Whether it is dealing with hidden assets, community property, separate property, visitation rights, or child custody, we are prepared to assist you. To fight for your rights and protect your financial future, contact Mills & Anderson at (702) 386-0030 to schedule a consultation with an experienced lawyer in the Clark County, Nevada area.