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
Divorce
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
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
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 understand the financial pros and cons of keeping the … [Read more...] about Dividing the House When Divorcing the Spouse