Gray Divorce Financial Specialist
State pensions, petrochemical benefits, real estate — the 50/50 split sounds fair. This guide shows you exactly what to protect.
Leanne Ozaine, CDFA® & CFP® | Specializing in gray divorce for 50+
Turn Panic Into Power — $97If you're over 50 and facing divorce in Baton Rouge, you're navigating something completely unique in American law: Louisiana is the only state that follows French Civil Law tradition rather than English Common Law. Combined with Baton Rouge's role as Louisiana's capital (with thousands of state employees), the massive ExxonMobil refinery complex, Louisiana State University benefits, and the region's growing healthcare sector, your divorce involves legal and financial complexity found nowhere else in the United States.
This is especially challenging if you've never personally managed the family finances. Perhaps your spouse handled the state pension benefits (LASERS, TRSL), petrochemical industry deferred compensation, LSU retirement plans, or investment accounts while you focused on raising children or supporting their career. Now you're facing questions like:
Child custody typically isn't your main concern—your children are grown, likely LSU graduates or building their own careers. Instead, your divorce centers entirely on protecting and dividing decades of accumulated wealth under Louisiana's distinctive community property regime.
LASERS pension. TRSL benefits. ExxonMobil deferred comp. LSU retirement. You've heard these terms for years. You know they're valuable.
But do you actually know what they're worth? How do you value a promise to pay $4,200/month for life starting at age 60? What portion of unvested petrochemical stock options is legally yours? How do the "fruits and revenues" rules apply to your separate property?
Your spouse has lived with these benefit statements for 25 years. They understand pension valuations, DROP accounts, and the Civil Code's unique classification rules.
You're seeing these documents for the first time — while negotiating a settlement that could be worth $800,000 to $1.5 million.
Louisiana's Civil Code isn't magic. It's complicated — but complicated has solutions. You need someone who can decode the pension statements, translate the benefit summaries, and show you exactly what's yours under Louisiana's unique community property system.
The difference between understanding Louisiana law and not? It can easily be $150,000-$300,000 in your final settlement.
This could cost you hundreds of thousands of dollars if you don't understand it.
Louisiana doesn't use the term "community property" the way other states do. Instead, the Louisiana Civil Code refers to the "community of acquets and gains"—property and income acquired during marriage through the effort, skill, or industry of either spouse.
The "Fruits and Revenues" Doctrine: Here's what makes Louisiana completely different: Income generated from your separate property during marriage may be classified as community property.
Baton Rouge example: You inherited a rental property in Shenandoah from your parents during your marriage. The property itself is your separate property—but the rental income generated during your marriage? That's community property subject to 50/50 division.
Another example: You owned investment accounts worth $400,000 before marriage. During your 25-year marriage, those accounts generated $150,000 in dividends and interest. The $400,000 principal remains your separate property, but that $150,000 in investment income is community property.
For those new to finances: This means that even if an asset is completely yours—inherited from your parents or owned before marriage—the income it produces during marriage gets split 50/50 in divorce. This is unique to Louisiana and requires careful financial tracking.
Baton Rouge is Louisiana's capital, home to state government offices, agencies, and thousands of state employees. State pension systems create unique divorce challenges that differ significantly from private sector retirement plans.
Louisiana State Employees' Retirement System (LASERS):
LASERS covers most Louisiana state government employees, from Capitol staff to agency workers across state departments. This is a defined benefit pension plan that pays monthly income for life based on years of service and final average salary.
Teachers' Retirement System of Louisiana (TRSL):
TRSL covers Louisiana K-12 teachers, school administrators, and some higher education employees. This is one of the largest public pension systems in Louisiana.
Key state pension divorce issues:
For those new to managing finances: State pensions are exceptionally valuable but invisible. Unlike a 401(k) statement you can see every quarter, pensions are promises to pay future income. A LASERS pension paying $4,500/month for life could be worth $1 million or more in present value—but it doesn't show up as an account balance. Understanding how to value and divide this requires specialized expertise.
Common scenario: Your spouse worked for Louisiana state government for 28 years. They have a LASERS pension worth $4,200/month starting at age 60, $280,000 in a 457(b) deferred comp plan, and you own your home in Zachary worth $450,000. How do you divide this fairly while protecting both of your retirements under Louisiana's unique community property rules?
Baton Rouge is home to one of the largest concentrations of petrochemical facilities in the world. The ExxonMobil Baton Rouge Refinery is one of the largest in the United States, and the surrounding "Chemical Corridor" along the Mississippi River includes Dow, BASF, Shell, and countless other facilities. This industry creates substantial wealth—and unique divorce financial challenges.
ExxonMobil Baton Rouge and Major Refineries:
Chemical plant operations and technical professionals:
Louisiana Civil Code classification:
Timing and valuation challenges:
For gray divorce: If your spouse worked at ExxonMobil or another petrochemical company for 25-30 years, the combination of pension, 401(k), deferred comp, and stock could exceed $1.5-2 million in retirement assets. Understanding how to divide this under Louisiana law while protecting your financial future is critical.
LSU is one of the largest employers in Baton Rouge, with thousands of faculty, researchers, administrators, and staff. University employment creates distinct divorce financial considerations under Louisiana law.
LSU retirement system complexity:
LSU-specific financial considerations:
Academic medicine and LSU Health Sciences:
Louisiana Civil Code application:
Professional degrees and licenses are NOT considered property subject to division in Louisiana. However, the income-earning capacity from that degree IS considered in spousal support calculations. If you supported your spouse through their PhD at LSU, you can't claim an ownership interest in the degree—but the court will consider the income differential when determining alimony.
For those new to finances: University retirement benefits can be confusing because LSU offers multiple retirement systems. Understanding whether your spouse is in TRSL (pension) or ORP (defined contribution) fundamentally changes how the retirement is divided and valued.
Baton Rouge's healthcare sector is a major employer and wealth creator. Our Lady of the Lake Regional Medical Center, Baton Rouge General Medical Center, and numerous private practices create complex compensation structures that require careful analysis in divorce.
Hospital system benefits:
Private medical practice considerations:
Healthcare retirement complexity:
Louisiana classification challenges:
The Baton Rouge Capital Region includes some of Louisiana's most desirable suburbs and fastest-appreciating real estate markets. Your home is likely your largest single asset—and the most emotionally charged to divide.
Affluent Baton Rouge suburbs and neighborhoods:
Real estate appreciation and classification:
Louisiana Civil Code real estate classification:
Critical decisions for gray divorce:
Division "in kind" preference: Louisiana law prefers to divide community property "in kind" (actual physical division) when possible rather than forcing sale. This means you may be able to negotiate keeping the house in exchange for your spouse keeping other assets of equal value (like retirement accounts).
Baton Rouge has a thriving business community, from professional practices to service businesses to industrial contractors serving the petrochemical industry. Business ownership creates complex divorce valuation challenges under Louisiana law.
Common business types in Baton Rouge:
Louisiana business valuation considerations:
Valuation methods:
For those new to finances: A business your spouse owns may be worth far more than you realize—or far less. The only way to know is through professional business valuation. Don't accept your spouse's assertion that "the business isn't worth anything" without independent verification.
In Baton Rouge Capital Region, we work with clients divorcing after 20, 30, or 40+ years of marriage. Here's what makes gray divorce financially complex in this region:
If your spouse has worked in state government, petrochemical industry, LSU, or healthcare for 20-30 years, you've likely accumulated wealth through:
But here's the Louisiana complexity: The income generated by separate property may be community property under the "fruits and revenues" doctrine. This means assets you thought were "yours alone" may have generated community income subject to division.
When you're 50, 60, or older, you don't have decades to "start over" financially. Every asset division decision affects whether you can retire comfortably.
Critical questions:
Many of our Baton Rouge clients—particularly those who focused on homemaking or supporting a spouse's demanding career—have never personally managed state pension benefits, petrochemical industry deferred compensation, or LSU retirement accounts.
You're not alone: We help you understand what you have, how it works under Louisiana's unique Civil Code, and how to manage it going forward. State pension systems, petrochemical benefits, and university retirement plans aren't intuitive, but they're learnable.
If you're 50-64 and divorcing, healthcare coverage becomes critical. You're too young for Medicare but may lose coverage through your spouse's employer.
Options to explore:
As a Baton Rouge resident, your divorce follows Louisiana's community property system under the Civil Code. This means:
Learn more about Louisiana's Civil Code framework →
This is where Louisiana gets really different: Louisiana operates a fault-based spousal support system that differs significantly from no-fault states.
Types of spousal support in Louisiana:
Critical fault considerations:
For gray divorce in Baton Rouge: If you're 55+ and haven't worked outside the home for 25 years while your spouse built a LASERS pension or petrochemical career, courts recognize you may never achieve the income your spouse earns. Support becomes critical for maintaining your standard of living—but fault can completely bar you from receiving it.
We provide virtual divorce financial planning services throughout the Baton Rouge Capital Region, including:
The 5-step system that shows you what you'll actually live on, so you stop guessing and start knowing.
Calculate your real post-divorce income — including spousal support, assets, and earning potential — so you negotiate from facts, not fear.
Document gathering checklists tell you exactly what to bring to your attorney — so you walk in prepared, not panicked.
Map out your real expenses as a single person — before you fight for something you can't actually maintain.
The asset identification system helps you find accounts and property you might not even know exist.
22-page guide + video tutorials + checklists + templates
$97
Instant access. 100% money-back guarantee.
Get the Clarity You Need — $97Whether you're learning to manage state pension benefits for the first time, understanding petrochemical industry wealth under Louisiana's unique Civil Code, or protecting decades of LSU retirement benefits, we provide the education and guidance you need to navigate Baton Rouge divorce with confidence.
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