The recent declines in financial markets and in the value of cryptocurrency have made divorce settlements more difficult to achieve as clients become more anxious. Recognizing your clients concerns and working with them so they understand the post-divorce effect of settlement proposals can help family law attorneys and their clients to settle the financial issues of their divorce. Attorneys have … [Read more...] about Effect of Market Declines on Divorce Settlements: Don’t Be DEAF, Listen to your Clients’ Concerns
Archives for 2022
The Value of a CPA in a Divorce
Divorce is a complex process full of emotion and uncertainty. Achieving an equitable settlement can be a challenge for couples with unique financial situations, especially in cases where one spouse is unfamiliar with the family finances. A Certified Public Accountant (CPA) can offer objectivity and independence while providing the expertise needed to arrive at a settlement that protects the short- … [Read more...] about The Value of a CPA in a Divorce
Divorce Tax Curveballs
Couples going through a divorce know that change is inevitable and planning essential, especially when it comes to finances. With tax laws constantly changing, many are caught by surprise when they file their first post-divorce tax return, only to realize they failed to consider an important tax item. Below are a few tax curveballs you could encounter in your first post-divorce return. … [Read more...] about Divorce Tax Curveballs
Half a Century of Federal Ten Year Rules in Divorce
The Federal Government seems to like ten-year rules. Here is a half century (or five ten-year rules!) for family law practitioners to consider when negotiating the division of a community or support during a divorce in Louisiana. 1. Social Security Spousal Benefits According to the Social Security Administration, the average retirement beneficiary receives 40% of their retirement … [Read more...] about Half a Century of Federal Ten Year Rules in Divorce