For many Louisianans, divorce is much more than an emotional breakup, it is a financial one, too. Choosing to end a marriage may mean leaving a financial lifeline and a lifestyle that an individual once enjoyed. This can be stressful, especially when one spouse gave up their career for the betterment of their spouse or family. These individuals might feel cheated out of their future, and might be left wondering whether they should stay in their ruined marriage simply for financial purposes.
Although nothing is guaranteed in a divorce, individuals who find themselves in this position may have the opportunity to pursue spousal support, commonly referred to as alimony. These payments are often awarded to spouses who have given up their education or career to further their spouse or family’s betterment. Alimony may also be awarded if contributions were made to one spouse’s education, thereby leading to greater earnings for that spouse.
In fact, these contribution themselves may be recoverable. Under Louisiana law, monetary contributions made to a spouse’s education and training may be recovered if the education or training did not lead to any increase in earning power. This payment, which may be spread out over a period of time, may be made in addition to any other spousal support award.
Matters like this may seem minor, but it can really add up. Those who are considering divorce and are concerned about their financial future may therefore want to speak to a family law attorney to figure out how best to proceed with their financial interests at the forefront. Alimony, child support and property division will be key issues for these individuals, so it is critical that these individuals seek assistance from an individual who is competent in these area of the law.
Source: Louisiana Civil Code, “Title 5 Chapter 2,” accessed on Dec. 30, 2016