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Baton Rouge Business & Commercial Real Estate Blog

Can I avoid divorce litigation?

On behalf of Bill Rowe of Rowe Law Firm on Wednesday, May 9, 2018.

Ending a marriage can be a trying and stressful time for both parties. If you are seeking a divorce, you may be wondering if there are ways to avoid a courtroom battle. Perhaps you want to get through the breakup faster or avoid some of the costs associated with a litigated divorce.

In order to end a marriage, a lawsuit must be filed. To avoid court fees and still resolve divorce disputes, people often look to other methods. Many times, an outside party can help individuals who aren't able to come to their own agreements for their divorce.

Should you think about divorce before you get married?

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Monday, March 19, 2018.

When couples are preparing to walk down the aisle, they are likely not thinking about the possibility that the marriage may someday end in divorce. However, there is great benefit in considering this possibility in the future and putting certain protections in place.

If you are getting married, you would be prudent to consider the benefit of having a prenuptial agreement. This is a legal agreement that could protect your financial interests and property in case of a divorce. The thought of drafting a prenuptial agreement may not seem romantic, but it can save you a significant amount of time, stress and money in case you divorce. It is a simple way to shield yourself in case of a contingency.

Weigh both sides carefully before nesting in divorce

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Friday, January 12, 2018.

Like most good Louisiana parents, you want what is best for your children. That's why, when you told them you were getting divorced, you also assured them of your support and that you'd do whatever you could to help them adapt to their new lifestyle.

You knew from talking to friends who had trod similar paths before you that children need to know their parents don't blame them for their divorces, so you told your kids it wasn't their fault and reminded them that you love them.

Even a rock-solid estate plan isn't set in stone

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Thursday, September 21, 2017.

If you think back over the past five years, you can probably list numerous changes that have taken place in your family.

Perhaps a son or daughter got married or divorced. Maybe you and your spouse moved to another state or decided to purchase a vacation home. Even if you and your loved ones carried on without a major alteration, you must agree that the national climate has changed, especially laws regarding taxes.

"I've got a secret!" When your employees break your confidence.

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Monday, September 18, 2017.

As your small business grows, you may be proud of the level of trust you have earned with your clients and customers. Not only does each interaction provide you with an opportunity to prove that trust, but it may allow you to build your reputation as a reliable business owner whose product or service is second to none.

Succession: Would you be happy with letting Louisiana decide?

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Monday, July 31, 2017.

Owning your own home provides you with several benefits and challenges throughout the time you own it. As you take care of your landscaping, maybe renovate the kitchen or otherwise make it your own, you may want to stop to think what will happen to it after your death.

The reality is that most people here in Louisiana are just like those around the rest of the country - they don't have estate plans in place to handle the distribution of all of their assets, including their homes. Dying without at least a will means that state law dictates where your assets go.

Divorce or bankruptcy: Which comes first?

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Tuesday, June 6, 2017.

You probably already know that getting a divorce could significantly impact your finances. If you and your spouse already struggle to make ends meet, you may consider filing for bankruptcy. The problem of knowing when to file bankruptcy and when to file for divorce may plague you.

The only conclusive answer is not to file both at the same time. Thereafter, the choice depends on several factors. In many cases, it could depend on whether you and your spouse qualify for Chapter 7 or Chapter 13 bankruptcy.

Economic means matter when determining bankruptcy eligibility

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Sunday, June 4, 2017.

Have you ever heard of the means test? It is a form used in Louisiana and elsewhere to determine Chapter 7 bankruptcy eligibility. Before you can file for this type of debt relief, you have to take this test in order to show that you truly lack the means to meet your debt obligations.

Some common questions about the bankruptcy means test include:

A regular income does not mean you cannot benefit from bankruptcy

On behalf of Bill Rowe of Rowe Law Firm posted in blog on Wednesday, April 26, 2017.

Many people associate bankruptcy with low-income levels and other similar financial struggles. In reality, the need for bankruptcy may have very little to do with a person’s income and more to do with the type and amount of debt that he or she has. Even people with substantial incomes may find it difficult to keep up with payments and effectively manage their debt.

Contrary to what some people think they know about bankruptcy, you can actually file for bankruptcy if you earn a regular income. Chapter 13 offers protection for Louisiana individuals who need to effectively deal with unmanageable debt and claim a stronger financial future free from creditor harassment.

Think you do not really need a will? Think again.

On behalf of Bill Rowe of Rowe Law Firm posted in estate planning on Thursday, March 16, 2017.

Having a will is an essential step for everyone, regardless of the size of the estate or income level. Having a solid estate plan in place is about more than ensuring you have control over what happens to your stuff after your death, it is about providing security and peace of mind to your loved ones. If you do not have a will, you would be wise to take the necessary steps to get a plan into place.

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