Jun 11, 2020
During this episode of The Confident Wealth Podcast
with Bill Bush and Pete Bush, they interview Sean McAllister,
Associate at Loeb Law Firm. Sean McAllister talks about Louisiana
Revised Statute 9:315, understanding divorce and finance, and what
to expect when children, pensions, property, and tax returns are
- 00:29 – Bill Bush and Pete Bush introduce the subject of
- 01:18 – Sean McAllister introduces himself and his work
- 02:00 – What was it that pulled Sean towards working in family
- 03:15 – What makes divorce law different in Louisiana?
- 05:30 – Are divorce stats in Louisiana the same as other areas
of the United States?
- 07:32 – What kind of expenses occur with divorce?
- 09:06 – One way to prepare for financial downside of divorce is
trying to agree on as many costly areas as possible.
- 10:01 – How should a couple seeking a divorce go about dividing
- 11:11 – In which ways does having kids complicate a divorce
- 14:38 – Sean McAllister discusses Louisiana Revised Statute
- 14:15 – Seek out financial advice.
- 17:04 – How are tax returns affected by divorce
- 19:26 – What are some of the issues that come up with pensions
- funds during divorces?
- 21:15 – Seek out financial advice.
- 23:04 – How are tax returns affected by divorce
3 Key Points:
- If you have kids and you are getting a divorce, the ex-couple
has to live separate and apart for a year. If you don’t have kids,
you have to live separate and apart for six months.
- The percentage of married couples that get divorced in
Louisiana is about 22-25%.
- Financial stress is one of the leading causes of divorce.
- “We’re kind of a jack-of-all-trades firm, very
multidimensional, work all across the entire state, do a lot of
insurance defense, plaintive personal injury, family law. You name
it, we will basically do it.” – Sean McAllister
- “What made me want to be an attorney is that I’ve always been
attracted to the idea of representing somebody, and family law is
so individual and so personal that, going through a divorce is one
of the hardest times in anybody’s life.” – Sean McAllister
- “The trend across the country is that when the economy is going
good, divorces are lower too and when the economy is going bad,
divorces kind of go up. Divorces, the rates have been falling over
the last couple of decades.” – Sean McAllister