Marital Domestic Separation and Property Settlement Agreement Adult Children Parties May have Joint Property or Debts effective Immediately - Nevada 2025

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Nevada is one of nine states where a community property system of asset division is used, which means that anything acquired during the marriage will be divided 50-50 upon divorce. There are rare exceptions, but generally, the equal distribution is the result.
Separate property generally cannot be touched in a divorce., but there may be times when separate property turns into marital property, making it available for distribution.
Nevada is a community property state. This means that each spouse owns 50% of the property assets and debts acquired during the marriage. Upon divorce or legal separation, courts distribute these assets and debts equally between the spouses.
Essentially, a legal separation addresses all issues normally addressed in a divorce. The only thing it doesnt do is permanently dissolve the marriage. In other words, all of your property is divided and all issues regarding any children you might have with your spouse are addressed, but you are still married.
Assets incurred before marriage or after separation are deemed separate assets. If you already owned property prior to marriage (or premarital) and it stays in your name alone, it will remain yours after divorce.
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Anyone can draft their own separation agreement and as long as it includes certain information, is signed by both spouses and witnessed it is legally binding.

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