Nicaud & Sunseri Law Firm, LLC
Southshore: 504-662-9596
Northshore: 985-218-0494

Making The Complex Understandable

Divorce may have major financial impact on Louisiana residents

As Louisiana residents and individuals across the country continue to grow older, many married parties may find themselves considering whether to end their marriages. Numerous individuals of older ages are going through divorce, and though such a life change at any age could impact a person's life, older parties may have more financial risks to consider. However, those risks could be calculated and addressed.

Because many individuals who have been married for decades have likely planned retirement and other financial aspects of their lives with their spouses in mind, divorce could throw a wrench into those plans. Therefore, individuals may wish to carefully assess their financial situations and determine what steps to take during the process in order to work toward the best outcomes for themselves. In many cases, having a prenuptial or postnuptial agreement could help individuals avoid considerable upset.

If a prenup or postnup does not exist, individuals still have options. Though the process may seem overwhelming, remaining calm and refraining from making hasty decisions could prove useful. Discussing concerns with financial professionals could help individuals find out more on the tax implications of divorce and property division and other important factors.

In addition to professional financial help, older Louisiana residents may also want to seek professional legal help. Experienced attorneys could help interested individuals determine how divorce could affect their particular cases. Additionally, legal counsel could provide beneficial advice on how to use the legal process to work toward desired goals surrounding property division and other related aspects that could have a significant financial impact.

Source: The Washington Post, "Divorcing late in life? Don't let it destroy your retirement.", Martha M. Hamilton, Dec. 2, 2016

No Comments

Leave a comment
Comment Information
Serving Orleans, St. Tammany, Jefferson, St. Bernard, Washington, St. John the Baptist, St. Charles and Plaquemines Parishes
Email Us For A Response

Get Answers Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Metairie Office
3000 18th Street
Metairie, LA 70002

Phone: 504-662-9596
Fax: 504-833-2843
Metairie Law Office Map

Covington Office
7020 Highway 190 West Service Rd
Suite A-104
Covington, LA 70433

Phone: 985-218-0494
Fax: 985-624-9698
Covington Law Office Map