Posts Tagged ‘Debt’

How a Louisiana Divorce Lawyer Would Classify and Divide Property Outside of Louisiana

October 8th, 2022

When spouses own property that is outside the state of Louisiana,Guest Posting it can be a problem for a divorce lawyer to attempt to value it and then partition it as part of a community property division. Generally, when spouses become domiciled in Louisiana and do not opt out of the community property rules within a certain length of time, their property will be subject to Louisiana’s community property rules. But, there are some technical rules in this area of family law. These rules fall into two broad categories: movables (cars, money, etc.) and immovable property (land, things permanently attached to land, etc.).

Movables: The default rule with regard to movable is, to state it simply, if one spouses is living in Louisiana and buys movables here, Louisiana community property applies to those movables. (To say this in a more technical sense, Louisiana community property law applies to movables that are acquired by a Louisiana domiciliary IF the movables were acquired in Louisiana when the acquiring spouse was domiciled in Louisiana.)

But, if prior to becoming subject to Louisiana’s rules of community property (by being domiciled here), and one of the spouses acquired a movable in another state, the movable would likely belong to the spouse that acquired the property with the other spouse being entitled to one-half of its value. (Again, the technical explanation of this is that the default rule does not apply for movable property that was acquired prior to one of the spouses becoming domiciled in Louisiana AND is outside of the state of Louisiana — the property is the separate property of the spouse that acquired it and the other spouse is entitled to half its value.)