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Author Archives: Walter M. Sanchez
Same-sex child custody in Louisiana
During a divorce, parents should strive to create a custody plan that fits the family’s needs and supports the child’s optimal well-being. State laws also guide decisions about child custody, including cases involving same-sex couples who have children together. Review the factors that influence custody…
What is the different between joint and shared custody?
In Louisiana divorces involving children, the courts sometimes must decide on custody arrangements based upon the best interest of the children. Some of the factors that impact “best interest” include the mental and physical health of each parent, the ability of each parent to provide…
3 reasons to consider an uncontested divorce
If you and your spouse have chosen divorce, figuring out how to move on with your separate lives may be just as stressful as the decision to separate in the first place. In addition to anxiety about your own financial future, you may worry about…
What happens to home equity when you divorce?
When you and your one-time partner own a Louisiana home together and make the decision to split, part of the process involves figuring out what to do with any home equity you have. For many couples splitting up, the shared home is among their most…
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…
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