Entries by Pence Law Firm PLLC

Valuation of Art and Collectibles in High Asset Divorce Settlements

In high-asset divorce cases, splitting up a collection of art and valuables built up over years or decades can be time-consuming and challenging. These items often have both monetary value and deep personal significance, setting them apart from assets often divided in other divorces. Determining their worth is not as straightforward as it is for […]

Dividing Cryptocurrency Portfolios in High-Asset Divorce Cases

As digital currencies like Bitcoin and Ethereum gain popularity and dominate the headlines, they are also starting to become part of more high-asset divorce cases. It’s crucial to understand how these digital assets are handled, whether you have minimal understanding of cryptocurrency or you are the spouse who dabbles in trading. Let’s talk about your […]

What Assets Are Untouchable in a Divorce?

Divorce involves many difficult decisions, and one of the biggest concerns is how to divide assets. Knowing which assets are off-limits during this process can help ease some worries, but it’s also important to remember that every divorce is different and must be treated as such. That’s where we can help. The divorce attorneys at […]

How is an LLC Split in a High-Asset Divorce?

In the context of a high-asset divorce, handling the division of business interests such as an LLC can be tricky. An LLC, or a Limited Liability Company, provides liability protection and tax benefits, making it a popular choice for business owners. When a couple jointly owns an LLC or one spouse is the primary owner, […]

How Do I Find a Hidden Bank Account During a West Virginia Divorce?

Divorce is incredibly challenging, both emotionally and financially. One of the concerns that may arise during this process is the risk of hidden bank accounts. In West Virginia, as in many states, it’s essential to have a clear understanding of all financial assets (including potentially hidden bank accounts) to ensure a fair division of property. […]

Protecting Family Businesses During a West Virginia Divorce

Divorce is a challenging process, especially when a family business is part of the equation. It’s essential to recognize that a family business often holds more than just financial value; it can symbolize years of dedication and effort. Understanding how divorce can affect your business will help you take the necessary steps to protect it. […]

Dividing Digital Assets in a High-Asset Divorce

Digital assets can be as simple as music libraries and e-books or as complex as cryptocurrency portfolios and online businesses. Social media accounts, domain names, and any online storage of personal data also fall under this category. These assets can hold significant financial or sentimental value, so it’s crucial to know what they are and […]

Crafting Prenuptial Agreements for Blended Families

A strong prenuptial agreement can explain how money and property will be divided if the couple gets divorced or if one partner passes away. While these contracts are widely recommended for engaged couples, they are particularly important for blended families where both parents want to protect their children’s best interests. However, drafting a prenup for […]

Unique Issues with Divorce for International Couples

International couples face myriad issues that couples from the same country never even have to consider. Unfortunately, these same issues can make the divorce process a legal nightmare—and divorce is already one of the most challenging things you can go through. If you and your spouse are from different countries, it’s important to understand the […]