If you and your spouse have decided to end your marriage, you may feel overwhelmed at the prospect of the property division phase of your divorce. What to do? Where to start? Here are four advance planning tips that should make the property division process…
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…
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…
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…
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…
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…
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…
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…
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…
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…