About The Division Of Property And Debts In A Louisiana Divorce
All assets accumulated by you and your spouse during your marriage are considered community property in Louisiana. “Partition” is the term we will use to refer to the division of your possessions as the central feature of your divorce. Other issues involved in your divorce may include spousal support or maintenance, child custody and child support.
Depending on how complex your assets are, the valuation of assets and partition negotiations may take a few weeks to several months or longer. At Clary | Suba | Neale, we pay attention to our clients’ priorities while guiding them through the process of community property partition.
What Are Your Primary Concerns Regarding Community Property Partition?
As mentioned above, the division of marital assets in a Louisiana divorce is known as community property partition. The way you divide your marital property may be voluntary if you and your spouse reach an agreement on the terms. But a judge may need to decide on the details if either of you disagrees with the proposed community property partition with respect to:
- The marital home
- Other real estate
- Cars and other vehicles
- Household goods
- Financial accounts, including retirement funds, if applicable
- Stocks, bonds and other investments
- Business assets
Each family’s circumstances and assets and each spouse’s priorities are unique. At Clary | Suba | Neale, we listen carefully to get a clear understanding of which assets someone hopes to keep. Then we design strategies accordingly for dividing property in a divorce.
Reach A Reasonable Settlement Or Come Out Strong In Litigation
The outcome of your community property partition may have a very large influence on your life story from now on. If you are concerned about keeping certain property, such as the house or retirement accounts, we can help you determine which of your community assets will appeal most to your spouse. Then we will prepare you for negotiations, mediation or court hearings with a focus on your goals.
Let us advise you on community property partition in your Louisiana divorce. We are a tightknit team of Baton Rouge divorce attorneys with more than 75 combined years of experience. We are equipped to skillfully guide you forward. To reach our family law firm, Clary | Suba | Neale, call 225-228-3694 or send an email inquiry.