Dividing property when ending a marriage can be a difficult thing to do. Wanting to walk away with the best divorce settlement terms possible is the goal; yet, many couples in Louisiana and elsewhere are not achieving that goal. Why? They are leaving retirement assets on the table.
The vast majority of people who enter into marital contracts do so believing it will be for the long haul. Unfortunately, not all relationships stand the test of time. When a marriage is failing, regardless of the reason why, it is okay to take time and learn more about the divorce process as well as how legal counsel can help one through it. Here are a few facts anyone who wishes to pursue marital dissolution in Louisiana may want to know.
Who will be responsible for specific debts? This is a common question when a Louisiana couple decides to divorce. When working through the property division settlement, the primary concern of many individuals is which assets they will get. However, being able to pay for these assets along with the other bills that the individual will now be responsible for is necessary and yet one more detail that should be discussed with his or her family law attorney.
There are a lot of big and little details that have to be worked through when a married couple decides to call it quits. If they are not careful, any mistakes made during the divorce process may prove costly. This week, this column will address several financial mistakes divorcing couples in Louisiana may want to avoid.
When going through a divorce, there are a lot of little details that have to be ironed out. One sticking point for many is the family pet. Figuring out who gets custody of this member of the family can cause arguments and delays. What does the state of Louisiana have to say about pet custody?
There is nothing easy about ending a marriage. It will hurt in a lot of ways. However, doing it when one is older may come at a higher price. More gray divorces are happening these days, but it doesn't mean that those who are considering it, whether they reside in Louisiana or elsewhere, shouldn't take the time to really think things through before pulling the trigger.
When finalizing a divorce, it is difficult to know if the agreed-upon terms will actually work for one's family until one has the time to experience life after the dissolution. Sometimes, everything will work out without any serious issues. Then again, sometimes it won't. Thankfully, in the state of Louisiana, certain divorce terms may be modified to better fit a family's needs -- such as child support and custody.
Mental health is not something a lot of people like to talk about. However, it is not something that should be brushed aside. Numerous Louisiana resident suffer from mental health problems, and these problems can affect their families in several ways. In fact, many family law professionals see it affecting parental rights and child custody arrangements.
Divorce is difficult, and not just because it brings a relationship to a close; because a lot of work went into building the marriage, it will take a lot of work to undo it all. This is particularly true if a couple has complex assets they need to deal with during the property division phase of the divorce process -- such as investments. Thankfully, a family law attorney can assist Louisiana residents in reaching settlement terms that serve their best interests, regardless of how complex their asset situations may seem.
When wanting to dissolve a marriage, a couple has to decide the best way for them to go about it. What works for some Louisiana residents will not for others, and that is okay. For example, some couples may wish to utilize the mediation process rather than go through the traditional divorce process. Those who choose to mediate can still turn to legal counsel for assistance achieving the best settlement terms possible.