Understanding how divorce can impact your business is crucial. After all, your business is one of the most valuable financial assets you own. You spent a lot of time, money and effort in creating and running a successful business so make sure you are taking the proper precautions to protect it. Depending on your individual circumstances, your spouse may be… READ MORE
For many, tax season and filing are a burden all their own, however, add divorce to the mix and it can become an even longer process. Before filing your income taxes, understand what is involved if you are divorcing. Your marital status at the end of the year will determine how you file your tax return. If your divorce has… READ MORE
A verbal agreement, which can also be referred to as an oral contract, is an agreement made without a formal written contract. Simple verbal agreements can be the product of negotiation, like who will do dishes or who will take the dog on a walk each day. With verbal or oral agreements, no document is executed showing that one party… READ MORE
It’s important to have a basic estate plan in place to ensure that all financial matters regarding you and your family have minimal risks if a death were to occur. Your estate is comprised of everything you own — your home, other real estate property, your car, checking, savings, investment and retirement accounts and all other personal possessions. Regardless of… READ MORE
Gloria Petroni wrote a column for the Northern Nevada Business View on how to “Protect Your Business Through Estate, Succession Planning”. She covered the basics of estate and succession planning and why having a plan can ensure a smooth transition in the event of an owner’s death. An estate or succession plan can provide crucial details including identifying who is… READ MORE
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Child Custody can sometimes be the most important piece of a divorce. After the initial agreement is create, there may be modifications to a current agreement. Learn how to request a modification in a current child custody or child support agreement and why this process can be slow, difficult and expensive. This is the second part of a two-part series… READ MORE
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Description Child Custody can sometimes be the most important piece of a divorce. Learn how to achieve a fair and beneficial child custody and child support order during initial divorce proceedings. This podcast is a part of a two series feature on Child Custody and Child Support. Show Notes Child Custody is the care, control, and maintenance of a child,… READ MORE
Whether a couple is heterosexual or homosexual, living together in a romantic relationship and/or sexually intimate relationship without formally registering their relation as a marriage it is called cohabitation. As many boomers are finding out, they may want to cohabitate with a person for the purpose of sharing expenses without a romantic relationship involved. There are many reasons parties may want to… READ MORE
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Are you living with your partner? Do you know how important cohabitation agreements are? Have the conversation early in order to be clear about your values, lifestyle, and what your behavior will be in certain situations and challenges In this episode, Gloria Petroni, of Petroni Law Group discusses different dynamics of cohabitation agreements along with examples and situations she has… READ MORE
For the state of Nevada, retirement, pensions, 401ks, IRAs, and other assets are considered community property. This means that each spouse is entitled to half of each other’s retirement benefits that were accrued during the marriage, but in order to divide those retirement accounts you have to go through a Qualified Domestic Relations Order (generally referred to as a QDRO).… READ MORE