Also known as:acquets & gains · acquêts and gains · acquets · gains
Written by attorneys · grounded in primary & secondary sources — see below
Assets acquired by spouses during marriage that form the community property estate under Louisiana law.
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Common Law
Dictionaries
How it applies
Common Examples
6
Spouses Purchase Marital Home
Angela Acosta and Albert Allen marry in Louisiana and buy a house with earnings from their jobs during the marriage. The home becomes part of their acquets and gains. Upon divorce the court divides the equity equally between them as community property.
Business Interest Acquired in Marriage
Aisha Ahmed starts a retail venture after marrying Alfred Ashford. Profits from the venture during the marriage count as acquets and gains. In a later property division the interest is split as community property.
Inheritance Deposited Jointly
Amber Alonzo receives an inheritance and deposits it into a joint account with Anita Ali while married in Louisiana. The funds lose separate character and become acquets and gains. The court treats the balance as community property on dissolution.
Albert Allen saves wages earned while married to Angela Acosta. The savings constitute acquets and gains under Louisiana rules. Division of the account follows community property principles at separation.
Vehicle Bought With Marital Funds
Aisha Ahmed and Alfred Ashford purchase a car using income accumulated after their wedding. The vehicle is classified as acquets and gains. Each spouse receives an equal share of its value upon divorce.
Investment Portfolio From Joint Earnings
Amber Alonzo and Anita Ali invest marital wages in stocks that appreciate during the marriage. The portfolio forms acquets and gains. The court awards each spouse half the value in the property settlement.
Common questions
Frequently Asked
1
What assets qualify as acquets and gains in Louisiana?+
Assets acquired by either spouse during marriage through earnings or purchases form acquets and gains. These assets belong to the community estate and are divided equally on divorce.
9 Ex. 341, 156 Eng. Rep. 145 (1854)Remedies
…to supply some other customers, and they lost the means and opportunity of selling flour, sharps, and bran and were deprived of gains and profits which otherwise would have accrued, and were unable to employ their workmen, to whom they were compelled to pay wages during that period; they thus suffered damages to the…