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Yearly Archives: 2020
Financial issues to consider when ending a marriage
Generally speaking, a divorce will have a profound impact on your finances both now and in the future. As Louisiana is a community property state, you could lose roughly half of your net worth in a final settlement. Furthermore, you might also be responsible for…
Divorce, property division and the fate of your business
Your family business is probably your major asset and it will become the focus when you reach the property division phase of your divorce. While you cannot split the business in literal terms, you and your spouse do have choices when deciding its fate. Here…
Importance of QDROs when dividing retirement accounts
Many divorcing individuals in Louisiana have 401(k) plans, IRAs or pensions that they have built during their marriages. Like other types of marital assets, the amounts contained in retirement plans are the community property of the couples and subject to division. Dividing a retirement plan…
Child custody and support issues for same-sex couples
aWhile the Supreme Court’s decision in Obergefell v. Hodges meant that same-sex couples are free to marry in Louisiana and throughout the U.S., many states have not caught up with the establishment of equal rights in other related areas. Same-sex couples who share children may…
Issues same-sex couples face when ending their marriages
Generally speaking, a same-sex marriage in Louisiana is treated like a marriage between a man and a woman. Therefore, the rules and processes related to ending a marriage are also going to be roughly the same regardless of the gender of your spouse. However, there…
Don’t lose sight of personal finances in a divorce
When you are going through a divorce in Louisiana, you may be so focused on various custody or property division issues that you take your eye off the ball when it comes to personal finance matters. However, there are common mistakes that people often make…
4 necessary steps to prepare your finances for a divorce
If you’re thinking about getting a divorce, there’s a good chance you’ve been considering this for some time. Many financial considerations need to be prepared well in advance of a divorce filing. Keeping careful records of your finances Louisiana has community property laws. Taking the…
The legal complications of same-sex divorces in Louisiana
Same-sex couples, who fought for their right to marry leading up to the 2015 Obergefell v. Hodges decision, may find that there are some added hurdles when it comes to seeking a divorce. What circumstances create issues for same-sex divorces? If you are a Louisiana…
Fewer couples over 50 living happily ever after
Gray divorce on the rise Divorce among couples over the age of 50 is on the rise in Louisiana and throughout the United States. Though the overall divorce rate has declined over the decades, the rate of so-called “gray divorce” doubled from 1990 to 2010.…
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