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Even happily married couples should prepare for divorce

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Married couples in Nevada may think their relationships could never end in divorce, but, sadly, many people never see their divorces coming. Therefore, it's important for spouses protect their financial interests just in case. It may help to consider such plans an "insurance policy", not a jinx of a happy marriage.

Spouses should openly discuss their finances and come to a joint budget agreement. Many people divorce over money issues, and careful budgeting can not only ensure individuals have money after the marriage ends, it can potentially save a marriage. Both spouses should also have an active role in joint finances, keeping track of all incomes, assets, debts, retirement accounts, taxes and other financial matters. If something is confusing, a financial expert might be asked to explain it.

People should also carefully read all legal documents a spouse asks them to sign, including financial documents involving trusts and property transfers. It may be helpful to ask an attorney to review such documents before signing them. Also, spouses who take time off for parenting or other family reasons should stay in contact with their professional colleagues and keep current with industry news. People never know when they'll have to leap back into the workforce again. Finally, it is important to know the difference between marital and separate property. Separately-owned property, such as an inheritance, could become marital property if it is commingled with other marital property, such as by depositing it in a joint bank account.

No matter the cause of the end of a marriage, emotions often run high. Many people find it helpful to rely on the objective advice of an attorney as they divide assets and negotiate other important divorce legal issues.

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Standish Naimi Law Group Standish Naimi Law Group Standish Naimi Law Group logo Facing a family law issue is never easy, especially when your matter involves a dispute over child custody and/or your financial future. For family law matters such as yours, it is important to work with a law firm that is known for its superior representation, exceptional client service and the ability to untangle the most complicated legal issues. For many years, families throughout Summerlin, Las Vegas, Henderson and Southern Nevada have trusted attorneys Thomas Standish and Jason Naimi to
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