Divorce is always a complicated affair, but when there is a family business involved, even more complex issues can arise. Both parties to such a divorce have significant property and other interests related to the value and operation of the business that must be...
Hiring a divorce lawyer is crucial if your spouse handled your finances
During marriage, assigning different roles and responsibilities to each spouse makes sense. Sometimes there is an obvious reason for deciding which spouse handles certain matters, but other times spouses naturally fall into a rhythm for managing household...
What happens to debt in a Nebraska divorce proceeding?
In Nebraska divorce, the judge divides debt between divorcing spouses as part of the overall division of the marital estate using a standard of equity and fairness. Nebraska law says that property division must be reasonable and equitable, considering five factors....
Nebraska divorce: Income from or appreciation on nonmarital property
Today we pick up on the topic of division of property in Nebraska divorce. The legal standard for property division is equitable division, meaning if the parties cannot come to an agreement about how to divide their marital property, the judge must make a division...
Marital vs. separate property in Nebraska divorce
We will be taking a deeper dive into complex issues that arise when a judge divides marital property in a Nebraska divorce. Let’s first look at the general rules. Reasonable, fair and equitable property division Nebraska’s property division statute directs that...
Nebraska divorce: Careful valuation of luxury assets
In a high net worth divorce, the importance of obtaining accurate, expert valuations of expensive assets with high values cannot be overemphasized so that when it comes time to divide those assets, the division can be truly equitable. Equitable division of a...
Documentation to gather for your divorce
Be prepared to provide your divorce attorney with documentation of your real estate holdings, substantial personal property, other assets, debts and financial information as well as those of your soon-to-be-ex, if possible. This includes assets and debts that are...
Nebraska divorce law sees pets as property
Many of us, married or not, enjoy the companionship of a pet (or pets); be this dogs, cats, birds or other more exotic choices. It is not uncommon for people to be very attached to their pets and to treat them as family members. When a couple with a beloved pet...
Dividing Railroad Retirement Act annuities in Nebraska divorce
When an employee or former employee in the railroad industry faces divorce, a key issue is how the parties will divide retirement benefits available to the rail employee under federal law. Whether the parties are negotiating a marital settlement agreement or facing a...
Part 2: New military pension plan raises legal issues in divorce
At our law firm, we often serve divorce clients who either are active or retired service members or who are military spouses. The legal issues in military divorce can be unique and complex, involving both federal and Nebraska state laws. Attorney Matt Higgins, a...