A new law in Louisiana could leave some parents wondering how they will pay for raising their children.
There has been plenty of research that confirms that married people are happier and healthier than people who are divorced. The health benefits of marriage are pretty easy to see. Spouses offer a support system to each other when times are difficult and provide companionship. Couples motivate each other to improve themselves and encourage each other to develop various good habits.
Going through a divorce can have a negative impact on your finances. You probably already realize that all of your assets, including your bank accounts, are likely going to be divided. What you might not realize is that your debts have to be divided too. This can affect your finances in more than one way. On top of having to cover some of the debts with your new single income, your credit might take a hit.
When you file for divorce in Louisiana, you can choose either fault or no-fault grounds. While most of the divorces in the state are no-fault, if you want to gain an advantage during a divorce, the fault grounds may help.
Are you already receiving pension benefits and are now filing for divorce? If so, there are three things you should know about how the divorce will affect your pension.
Getting divorced after 30 or more years of marriage is no longer as surprising as it once was—people are living longer, healthier lives, and social taboos against divorce are not as strong as they were in the past. Many people who get a "gray" divorce after decades of marriage when other couples have settled in for the long haul don't see divorce as a bitter ending. Instead, they see it as an opportunity to live out the rest of their years as they see fit, happier than they were while married.
In this information age, it is probably easier to dispel myths and clear up misunderstandings than ever before. The Louisiana State Bar Association has tried to clear up some myths and misunderstandings about separate and community property here.