Cohabitation agreements are relatively new and increased in popularity as more couples lived together rather than getting married. While there is no “common law marriage” in Nevada, specific financial risks may exist for couples living together who chose not to get married. Cohabitation agreements have not been judicially examined in Nevada and the expense of such...
Learn MorePostnuptial agreements are similar to prenuptial agreements but they are entered into between spouses after marriage. The scope of what a postnuptial agreement may accomplish is more limited than a prenuptial agreement and the enforcement is more scrutinized by the courts than prenuptial agreements. Postnuptial agreements remain relatively untested in Nevada.
Learn MoreSome of the same techniques that are used to protect one’s assets from a creditor may also be used to protect one’s separate property, even without a prenuptial agreement. The use of entities and trusts nor only provide estate planning benefits, but may also provide some financial protection in the absence of a prenuptial agreement. Further, proper planning...
Learn MoreThe traditional way to enter into a prenuptial agreement is for one lawyer to draft the initial agreement and then each party’s attorney negotiates specific terms of the agreement and it goes back and forth. One possible alternative is mediation, where both parties meet with one lawyer and mediate an agreement both parties are satisfied with before each...
Learn MoreWhen you get married in Nevada without a prenuptial agreement, you are expressly consenting to be bound by the laws of Nevada upon a divorce. Prenuptial agreements may not be considered “romantic,” but ugly divorces are even less romantic. Approximately one-half of all marriages in the United States end in divorce. It is generally easier to address potential...
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