Plain English Breakdown
The official source material does not provide detailed information on how other types of property are treated in divorce cases.
Divorce Law Change for Separate Property
This act changes Louisiana's divorce laws to classify unearned portions of employment contracts as separate property during a marriage.
What This Bill Does
- Creates a new law that says any future wages or earnings from an employment contract made while married are the separate property of the person who signed the contract, for any unearned portions of the contract existing on the date the community property regime is terminated.
Who It Names or Affects
- People getting divorced in Louisiana
Terms To Know
- separate property
- Items or money that belong to one person and not shared between spouses.
- community property regime
- A system where most of what a married couple earns or owns together is considered jointly owned.
Limits and Unknowns
- The law only applies to future earnings from employment contracts made during the marriage.
- It does not change how other types of property are treated in divorce cases.