Deciding Who Gets What During A Divorce
Property division is a part of divorce – a time when your marital property may come under scrutiny.
To ensure the fair division of property, it is advisable to seek assistance from an experienced divorce attorney.
At the Rowe & Manning Law Firm LLC, we help clients through all aspects of divorce, including property division. We are committed to helping you secure the property to which you are entitled.
If your spouse is challenging community or separate property agreements that were drafted at the beginning of your marrage, we can help. We provide clear, informed guidance in all areas of your divorce.
Contact our community property division attorneys in Louisiana.
The Division Of Assets And Debts In Divorce
Louisiana is a community property state. That is, unless there is a prenuptial agreement or an agreement to have separate property in the marriage, any property and debts collected during marriage are considered marital property. This division often results in a 50-50 split between husband and wife.
For a divorce to be finalized, you must create a community property settlement agreement and have it approved by the court. This agreement is recorded in the public records and sent to any creditors so everyone is on notice as to asset division and debt division.
Legal Considerations When Dividing Property
Property division in a divorce can be extremely complex. When spouses were married for a long time, property division can be challenging. Similarly, when assets have comingled, when spouses owned a business together, and other complicating factors can add to the challenges of property division.
At our law firm, we help clients divide all types of marital property:
- Real estate
- Retirement assets such as 401(k)s
- Personal collections
- Hidden assets
We often work with appraisers, private investigators, and other financial experts in property division matters.
If you are facing overwhelming amounts of debt, we can discuss the possibility of bankruptcy during your divorce.
Contact Our Asset And Debt Division Attorneys In Baton Rouge
At the Rowe & Manning Law Firm LLC, our community property lawyers will do all they can to not only achieve the results you deserve but to also minimize the fees involved. Contact our family law firm today to schedule your initial consultation.
Rowe & Manning Law Firm LLC