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
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
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
For those finalizing divorces after December 31, 2018, the Tax Cuts and Jobs Act (TCJA) of 2017 will change how alimony is treated on your federal income tax return. If you stand to benefit from the earlier tax laws for alimony, you may want to speed your divorce agreement along so that it’s settled before the end of the year.… READ MORE
In the first part of the Child Custody and Child Support series, it was addressed that understanding which factors to consider when creating a child custody or child support agreement is crucial to creating a lasting and satisfactory solution. In the second part, explore how to request a modification in a current child custody or child support agreement. However, the… READ MORE
For many people, there is no outcome in a divorce more important than maintaining the ability to nurture a healthy relationship to your children. For that reason, achieving a fair and beneficial child custody and child support order during your initial divorce proceedings is crucial. In the first part of the Child Custody and Child Support series, important factors to… READ MORE
Divorce rates overall for Americans are lower than they were five years ago. However, the number of people over the age of 50 who are splitting up is on the rise. This is referenced as Gray Divorce, which is a term referring to the demographic trend of an increasing divorce rate for older (“Gray-haired”) couples in long-lasting marriages. Divorce can be a… READ MORE
A major topic that is bound to come up during the divorce process and child custody agreements is the job status of each spouse. Typically, a spouse or parent will be considered employed, underemployed, or unemployed. The current job status of each spouse is an important factor for the judge to take into account when determining alimony or child support… READ MORE