Louisiana Community Property Partition Form For Minors
Description
How to fill out Louisiana Petition For Partition Of Community Property With List Of Commercial Property?
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FAQ
The voluntary partition of community property during marriage converts the property partitioned from the community to the separate property of the recipient spouse.
If you have minor children, you must live separately for 365 days after the service of the divorce petition before the court can grant your divorce. If you don't have minor children, you must live separately for 180 days after service of the divorce petition before the court can grant your divorce.
Property acquired during a marriage is presumed to be community property under Louisiana law, except for gifts or inheritances that were specifically given to just one spouse. Beginning at marriage and terminating retroactively to the filing of any divorce.
With few exceptions, the court will first value all of a couple's community property and assets. Those assets are then divided so that each spouse receives one-half of all their community property. In some cases, the court may order that certain assets be sold and the proceeds be split equally between the two spouses.