What does date of valuation mean? Because the value of assets can go up or down while a divorce is pending, it can be necessary to determine a set date for valuing the marital assets. This is referred to as the date of valuation. You and your spouse can agree on
What is meant by equity in my home? Equity is the difference between the value of the home and the amount owed in mortgages against the property. For example, if the first mortgage is $50,000 and the second mortgage from a home equity loan is $10,000, the total debt owed against the
My Spouse Has All Of Our Financial Information. How Will I Be Able To Prepare For Negotiations And Trial If I Don’t Know The Facts Or Have The Documents?
My spouse has all of our financial information. How will I be able to prepare for negotiations and trial if I don't know the facts or have the documents? Once your divorce petition has been filed with court, your attorney will proceed with a process known as discovery. Through discovery, your attorney can
Contrary to a widely held belief among many Louisiana residents, the divorce rate across the United State has been declining for several years. Rates increased in the 1970s and 1980s, and a variety of factors might have been responsible for that rise. Since then, those and other issues have contributed
Louisiana is one of nine community property states in the country. While some people who are going through a divorce find that to be a plus, there are some considerations that they might not have thought about when it comes to community property. It is important for anyone who is