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 a 401(k), is a … [Read more...] about Divorce and Dealing with 401(k)s: What Attorneys and Clients Need to Know
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While the divorce rate from 1990 to 2015 has remained steady, or even decreased slightly, the divorce rate for adults age 50 and older, referred to as Gray Divorces, has doubled, and tripled for adults ages 65 and older (Pew Research Center March 2017). There are often emotional attachments to assets, that can make negotiations difficult and the divorce process more complex. Couples are … [Read more...] about Gray Divorce: What Attorneys Need to Know
Attorneys and their clients must be careful when dividing pensions and retirement accounts in a divorce. Hoffman Divorce Strategies assists attorneys and their clients with the complex questions that need to be answered to make sure that the property partition filed with the Court contains enough information to divide the pension and retirement accounts, and that the clients understand what is … [Read more...] about Pension and Retirement Accounts – What Attorneys Should Know
The Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law by President Trump on March 27, 2020, provides trillions of dollars of economic stimulus money. There are many ways this stimulus plan could have an impact on individuals depending on their circumstances. Family law attorneys and their clients need to be aware of how the CARES Act may … [Read more...] about Coronavirus Stimulus Plan: What Do Attorneys Need to Know?