When money is tight in a divorce, you could find that there are companies willing to assist you. This is especially true for couples that have a high net worth.
For a wealthy couple that has a lot of money tied up in assets, and with one of the spouses acting as the principle manager of wealth for the two, it can be really hard for the spouse who initially leaves the marriage with not all that much to finance a divorce lawyer. This is even more the case if the divorce drags out for a number of months, and if there are all sorts of hidden assets to be uncovered. Without a loan to help you get what is rightfully yours, you may have to settle for far less than what you would have to if you could afford to have your cased fully heard by a judge.
At its current levels, companies loaning money exclusively to pay a divorce lawyer and to maintain a standard of living are just getting started. As of now, there are not that many companies that exclusively specialize in this type of lending. There are other firms, however, that have grown into from a natural desire to expand their business. These lenders are typically focused primarily on getting money to litigants to battle personal injury and commercial litigation suits.
Lending in this way can be best applied to cases where a couple is separating. This is because a divorce lawyer can be very expensive, especially for the top attorneys who are thoroughly familiar with huge property divisions. Also, it can be the case in some areas that it is not possible for an attorney to take your case based on the amount of money that is eventually recovered, even if you would be agreeable to this. The result of this is that it can be the case that upfront money would likely have to be paid for an enormous amount of money.
Overall, though, these services are fulfilling a way to make the end of a marriage fairer. It can be devastating to know that you are being taken advantage of by your former spouse, and that you do not have the resources to fight back. In some ways, having a lending firm give you some money to finish the property division is satisfying a need in society to make sure that justice will prevail in court.
More Louisiana Divorce Lawyer Questions and Answers
If you live in Louisiana and you are trying to get a divorce, there are certain rules which you must observe to effectuate this decision. Louisiana has a few public policy objectives when it comes to divorcing couples; and one of the main ones is to make sure that the couple is very sure about the decision they are about to make.
General Topics of Louisiana Divorce Attorney Law
This article is written to add to the general knowledge on Louisiana family law which some of these articles can provide. That said, this is a continuation of articles on “Dos and Don’ts” in family law.
Louisiana Community Property and Divorce Attorney Example: Greg and Gina
In Louisiana, property which a person possesses while married can be classified into one of two types: community property or separate property. This article provides an example of this.
