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
Sheri Bankston CPA Provides Divorce Financial Services with Hoffman Divorce Strategies
[New Orleans, LA] – Hoffman Divorce Strategies is pleased to announce that staff member Sheri Bankston has reactivated her license as a Certified Public Accountant. “Reactivating Sheri’s CPA license is an additional demonstration of Sheri’s expertise in financial matters,” said Andrew Hoffman, President at Hoffman Divorce Strategies. “She brings an even greater skillset to … [Read more...] about Sheri Bankston CPA Provides Divorce Financial Services with Hoffman Divorce Strategies
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
Divorce Tsunami
After Hurricane Ida cut a path of destruction through Louisiana, family law attorneys had to answer special financial questions when preparing community property partitions and support agreements while their clients clean up and suffer with liquidity concerns. We have worked with family law attorneys and their clients since 1999, through several hurricanes, and are experienced in the … [Read more...] about Divorce Tsunami
Cryptocurrency: The New Reality in Divorce
Besides Bitcoin, Ethereum, and Litecoin, there are over 10,000 types of cryptocurrencies on the market today. In its 2021 State of U.S. Crypto Report, the cryptocurrency exchange Gemini stated that 21.2 million U.S. adults (or 14% of the US population) currently own cryptocurrency and that another fifty million will invest in cryptocurrency within the next year. With statistics like these, it is … [Read more...] about Cryptocurrency: The New Reality in Divorce
Surviving Your First Post-Divorce Tax Return
Whether you’re seeking intaxification, (the nice feeling when you receive a tax refund, until you realize it was your own money), or are just trying to finish your return, here are some tips to get you through the extended 2021 tax filing season. While Hoffman Divorce Strategies does not prepare tax returns or give tax advice here are some helpful tips. Get Professional Help If … [Read more...] about Surviving Your First Post-Divorce Tax Return
Sheri Bankston Joins Hoffman Divorce Strategies
Hoffman Divorce Strategies is pleased to announce that Sheri Bankston has joined the Louisiana based firm. Sheri is an accounting professional and will work with clients to provide financial recommendations and strategies to clients that are going through the divorce process. “I know that for many in divorce the issues of finances can be the scariest part of the divorce process”, said … [Read more...] about Sheri Bankston Joins Hoffman Divorce Strategies
7 Deadly Financial Sins in Divorce
In the middle of divorce, you may not think about how your actions can make negotiation difficult and increase your professional costs. At Hoffman Divorce Strategies, we work with you and your attorneys to help you understand your finances and prepare you to negotiate or litigate your divorce. Here are 7 Deadly Financial Sins to avoid during your financial negotiations that can help you … [Read more...] about 7 Deadly Financial Sins in Divorce