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Louisiana community property settlement form

Settlement of Community Property, Movable and Immovable - Louisiana 2026

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The document outlines the settlement of community property between two divorced parties in Louisiana. It details the transfer of ownership of specific properties and assets, the assumption of debts, and mutual agreements to hold each other harmless from liabilities incurred after their divorce. The parties acknowledge their fair share of the community property and agree to waive any vendor's liens created by this agreement.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the plaintiffs and defendants in the designated fields at the top of the form. Ensure accuracy as this information is crucial for legal identification.
Fill in the Docket Number and Customs Number where indicated. This helps in tracking your case within the judicial system.
In the section regarding property transfer, clearly specify each item being conveyed. Use bullet points for clarity, especially for movable items currently in possession.
Complete any obligations related to debts acquired during marriage. Clearly state who assumes responsibility for these debts and ensure both parties agree on this arrangement.
Review all entries for accuracy before signing. Utilize our platform’s features to highlight any areas that may need attention or clarification.

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How do I settle community property in Louisiana?

After marriage, spouses may enter into a matrimonial agreement that modifis or terminates community property only by filing a joint petition with the court. Then, the court must make a determination that the agreement serves the best interests of the parties and that spouses understand the law and rules.

What are the exceptions to community property in Louisiana?

The exceptions to the presumption that property owned by a married person is community property in Louisiana include: Gifts or inheritances that were specifically given to only one spouse are considered separate property. Property acquired before the marriage is classified as separate property.

What is the 65 percent law in Louisiana?

Upon a first conviction for a crime of violence, a defendant with no prior sex crime convictions will be eligible for parole once 65 percent of the sentence is served.

Is there a statute of limitations on community property in Louisiana?

Separate property may include things such as: Property acquired by a spouse before marriage. Gifts or inheritances that are given to one spouse individually and not to the married couple, even if this occurs during marriage.

What is considered movable property in Louisiana?

(3) Personal property or movable property means and includes all things other than real estate which have any pecuniary value, all monies, credits, investments in bonds, stocks, franchises, shares in joint stock companies, or otherwise.

louisiana community property statute of limitations

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Does community property get a full step up in basis?

One of the benefits with community property is that the property receives a full step-up in basis. So what that means is if the couple purchased shares, for example, that were worth $100 and on the death of the first spouse, theyre worth $1,000, the new basis in the property will be $1,000.