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
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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
Dividing the House When Divorcing the Spouse
To some divorcing couples, dividing the house can be as emotionally painful as the divorce itself. One or both spouses may have a deep attachment to the house and think that the only thing that matters to them in the divorce process is keeping the house. At Hoffman Divorce Strategies, we work with our clients and their counsel to help them … [Read more...] about Dividing the House When Divorcing the Spouse
Divorce and Dealing with 401(k)s: What Attorneys and Clients Need to Know
Going through a divorce is difficult enough with all the decisions that need to be made about property division. Louisiana is a community property state, meaning that all assets that were accumulated during the marriage belong to the community and need to be allocated to each spouse in the Property Partition. Most divorcing couples know that a retirement plan, like … [Read more...] about Divorce and Dealing with 401(k)s: What Attorneys and Clients Need to Know
Divorce Tsunami: How We Help Attorneys and Clients
Between March and June 2020, 34 percent more couples were filing for divorce than in the same period in 2019. The combination of the COVID-19 pandemic and stay-at-home orders is to blame. The strain on a marriage of unemployment, financial insecurity, illnesses, deaths of friends or loved ones, and homeschooling children, have pushed many couples to file for divorce. With … [Read more...] about Divorce Tsunami: How We Help Attorneys and Clients
3 Stages of Protecting Assets During A Divorce
One of the main concerns of many people anticipating or beginning the divorce process is protecting assets and losing as little as possible as the case proceeds through the courts. There are three stages of divorce with different tips for asset preservation for each stage. Stage 1 - The Beginning of the Divorce Process There are several crucial financial actions people should take … [Read more...] about 3 Stages of Protecting Assets During A Divorce