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What are the Laws in Nevada About How Marital Property Will be Distributed After Divorce?

Nevada is a community property state, which means that any property acquired during the marriage is treated by the courts as being owned equally by the spouses. In a divorce, the courts try to divide the community property equally. A spouse’s separate property, which is property acquired before the marriage or during the marriage by way of gift or inheritance, generally is awarded to that spouse in a divorce, according to Nevada Revised Statutes 125.150.

Some spouses have written agreements in place which indicate how matters should be handled if their marriage ends in divorce. A separation agreement is a contract between the spouses listing and describing how they want to handle ownership of real estate, division of property, alimony and other types of financial support, and even child custody and visitation issues in the event of divorce. Generally speaking, Nevada courts will consider and abide by such agreements in the distribution of community and separate property during a divorce.

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