Who Gets What In Your Property And Asset Division?
If you have decided to file for divorce, you may wonder what that means for the property and additional assets acquired during your marriage. Jeremy Epstein, of Jeremy Epstein Law, LLC, in New Orleans, can help you determine what the state’s property division laws mean in your case.
Louisiana is a community property state. This means all marital property is usually divided equally in a divorce. However, there are exceptions that apply, including a valid prenuptial agreement, which could change how items are split between the parties.
When you work with us, you will be working with an attorney who has been practicing for over a decade and understands the laws specific to Louisiana. That experience will help you navigate through the property division process. If you have complex assets, you can be certain that we have the knowledge and experience to negotiate or litigate a favorable property settlement for you. We also use business valuators, accountants and other experts when appropriate.
What Can Be Divided Between The Parties
A majority of what you received or bought while married is considered marital property. When filing for divorce, it is important to have a complete inventory of debts and assets accumulated during marriage. We can help with this process, so you know exactly what will be divided. These items can include:
- Businesses or professional practices
- Art collections
- Multiple real estate holdings, including time-share properties
- Retirement accounts
It is possible to change the classification of property from community property to separate property, which means it belongs to one spouse. This can be a complicated matter. If you have questions about this, contact Jeremy Epstein Law, LLC.
It is not just assets and property that are divided when a couple divorces, but also the debt accrued during marriage. If you have debt in your marriage, Jeremy can assist you in determining who is liable for it.
Start By Scheduling Your Free Consultation
While Louisiana’s community property laws may make it seem easy to split marital property, the division of these assets can have significant tax implications. An experienced lawyer like Jeremy can help explain how these laws directly relate to your case. Call 504-434-5489 or email us to schedule your free consultation to find out more about how we can help with your case.