{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Divorce: The Effect on Finances & Family, Pt. 1","description":"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 involved.     Episode Highlights:   00:29 \u2013 Bill Bush and Pete Bush introduce the subject of divorce. 01:18 \u2013 Sean McAllister introduces himself and his work experience. 02:00 \u2013 What was it that pulled Sean towards working in family law? 03:15 \u2013 What makes divorce law different in Louisiana? 05:30 \u2013 Are divorce stats in Louisiana the same as other areas of the United States? 07:32 \u2013 What kind of expenses occur with divorce? 09:06 \u2013 One way to prepare for financial downside of divorce is trying to agree on as many costly areas as possible.  10:01 \u2013 How should a couple seeking a divorce go about dividing property? 11:11 \u2013 In which ways does having kids complicate a divorce situation? 14:38 \u2013 Sean McAllister discusses Louisiana Revised Statute 9:315. 14:15 \u2013 Seek out financial advice. 17:04 \u2013 How are tax returns affected by divorce proceedings? 19:26 \u2013 What are some of the issues that come up with pensions and retirement funds during divorces?  21:15 \u2013 Seek out financial advice. 23:04 \u2013 How are tax returns affected by divorce proceedings?     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\u2019t 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.   Tweetable Quotes: \u201cWe\u2019re 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.\u201d \u2013 Sean McAllister \u201cWhat made me want to be an attorney is that I\u2019ve 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\u2019s life.\u201d \u2013 Sean McAllister \u201cThe 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.\u201d \u2013 Sean McAllister     Resources Mentioned: Horizon Financial Group The Confident Wealth Podcast bbush@horizonfg.com pbush@horizonfg.com Linkedin: Sean McAllister Sean McAllister\u2019s Email: smcallister@loeb-law.com Sean McAllister\u2019s Phone Number: (985) 612-1946 Loeb Law Firm: loeb-law.com Louisiana Revised Statute 9:315: justia.com\/codes\/louisiana\/2011\/rs\/title9\/rs9-315\/ ","author_name":"The Confident Wealth Podcast","author_url":"http:\/\/confidentwealth.libsyn.com\/website","html":"