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Craig E. Gibbs, Attorney at Law - Criminal, Family Law, Attorney
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Money may increase a couple's chance of divorce

For those who don't have it, or more precisely don't have enough of it, money can seem like a cure to all the world's ills. For those who have experienced how damaging is the blind pursuit of it and the excesses it can lead to, money may truly be considered the root of all evil. The truth probably lies somewhere in between.

Gray divorce and protecting retirement

Louisiana residents who are at least 50 years old and are thinking about getting a divorce may be concerned about how it may affect their retirement. However, there are steps they can take that can mitigate how much harm a divorce may have on their financial security for retirement.

Reasons for considering a prenuptial agreement

Many people who are contemplating getting married in Louisiana wonder if they should sign a prenuptial agreement. The purpose for getting a prenup is to determine what each party will get in the event of a divorce. Without a prenuptial agreement, property is divided according to state law.

Getting married on Valentine's Day may not be wise

Louisiana residents and others who focus too much on the date that they get married may be focusing on the wrong thing. According to research from Melbourne University, it isn't always the best idea to get married on Valentine's Day or any day that looks cute when read in numerical format. This is reportedly because those who chose these types of dates tended to care more about the wedding than the marriage itself.

Tax reforms mean changes in divorce for 2019

Louisiana couples who are getting a divorce will need to be aware of the effects property division and other financial elements will have on their taxes. They should also know that for divorces that are finalized after 2018, tax reform means that there will be some changes compared to previous years.

Complex retirement account decisions accompany gray divorces

Divorces among people over age 50, also known as gray divorces, have become increasingly common since the 1990s. People in Louisiana who have been married for a long time and perhaps have acquired substantial assets could encounter many issues when splitting their marital property. Retirement savings plans often raise questions about valuation, and distributions prior to age 59-1/2 could trigger taxes and penalties.

Planning for divorce under changing tax laws

Changes to federal tax laws will have a significant effect on how people divorce in Louisiana and across the country. As part of the Tax Cuts and Jobs Act of 2017, these changes will go into effect in 2019 and apply to all divorces finalized after Dec. 31, 2018. While many people are hurrying to complete their divorces by the end of the year, others are looking for creative solutions for 2019.

Drawing up a workable parenting schedule

Unless they are relying on a judge's decision, Louisiana parents will need to create a parenting schedule as part of the divorce process. This schedule will specify which parent the child spends time with at what times. By working on it cooperatively, parents can demonstrate to their children that family matters are paramount.

Avoiding financial pitfalls during divorce

When couples in Louisiana divorce, they can face several challenges. While there is a range of emotional issues that can accompany the end of a relationship, the separation can also have many long-lasting financial effects. By keeping in mind some key issues, one can protect themselves throughout the divorce process and post-divorce era of their lives.

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Craig E. Gibbs, Attorney at Law
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