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.
Should you think about divorce before you get married?
Weigh both sides carefully before nesting in divorce
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.
Even a rock-solid estate plan isn't set in stone
If you think back over the past five years, you can probably list numerous changes that have taken place in your family.
"I've got a secret!" When your employees break your confidence.
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?
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.
Divorce or bankruptcy: Which comes first?
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.
Economic means matter when determining bankruptcy eligibility
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.
A regular income does not mean you cannot benefit from bankruptcy
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.
