CHILD CUSTODY IN NEVADA: THE BEGINNING OF EVERYTHING YOU EVER WANTED TO KNOW

Nevada law provides for two types of child custody: (1) Legal Custody and (2) Physical Custody. These aspects of custody work in tandem and describe a parent’s legal duties toward their children and the other parent. But because they are separate legal concepts, and because they offer different benefits and obligations to parents, they are worthy of discussing in some detail.

BUSINESS VALUATION AND DIVISION

Most divorce clients are of modest means, meaning division of their property is a pretty straight-forward exercise. Many parties simply agree to take what they already have in their possession, while others will take the time to make a list of all of their property, estimate its present (market) value, and divide it such that each takes about half of the total value. If there’s a difference, sometimes the party taking more will make an equalization payment to make it economically equal. Other times, they might call it “close enough” and be done. But what happens when somebody owns a business?