Louisiana is a community property state. However, this doesn’t mean that marital property is automatically divided 50/50. That’s only the case if the divorce is litigated in court. It’s important to know that prenuptial agreements take precedence over community property law. Of course, the validity of prenups can be challenged.
All of this means that dividing property in a Louisiana divorce is not as cut and dried as many people think it is. Even if assets are divided equally, it’s essential to determine the true value of the assets.
That’s just one of the ways in which our family law firm helps our clients work to ensure a fair divorce settlement. With the help of experts as needed, we work to thoroughly analyze all of the marital property to make sure that its true value is determined. We also look at marital debt so that we know exactly what is on the table.
This essential whether you go to court or you and your spouse work out a settlement with the help of attorneys or a mediator. We recommend that spouses try their best to work things out in a collaborative manner rather than place these important decisions regarding property (not to mention issues of support and child custody) in the hands of a judge. However, if that’s not possible and the case does go to court, you can be assured of a vigorous litigation on your behalf.
Don’t assume that you don’t need legal guidance just because you and your spouse don’t have a substantial amount of assets. No matter how much you have, you want to do your best to help ensure as strong a financial future as possible for yourself and your children. Call us or contact us online to find out how we can help you.