January 2012 | Cordell & Cordell

Archives for January 2012

Joe Cordell To Huffington Post: Pay Attention To The Marriage Contract!

Joseph CordellCordell & Cordell co-founder Joseph Cordell is featured on HuffingtonPost.com for his viewpoint that guys do not appreciate the extent and comprehensiveness of the marriage contract that essentially means all of their assets become hopelessly commingled once they are married.

“The single most important economic decision a person will make during their lifetime is deciding to say, ‘I do,'” Cordell writes. “The second most important economic decision a person will make is deciding to say, ‘I don’t.'”

It’s likely one of the spouses in a marriage will contribute disproportionately more in assets to the marital partnership, yet all that income, property, and assets become merged into one marital pot where the lesser contributing spouse is now entitled to half.

So what should men do to protect their assets? Read the Huffington Post article: Careful Marriage Contract May Facilitate Less Painful Divorces.”

Indiana Lawyer Interviews Cordell & Cordell Attorney Jason Hopper about Arrears and Age of Emancipation

Jason Hopper Wall Street JournalIndianapolis Divorce Lawyer Jason Hopper was featured extensively in an Indiana Lawyer article regarding prospective changes to the state’s age of emancipation law.

Many Indiana fathers have unknowingly been accumulating child support arrears after assuming their duty to pay support ends with the child’s 18th birthday when in fact the age of emancipation is 21 in Indiana. A proposed bill would lower the age of emancipation for minors from 21 to 19.

“I can’t begin to tell you how many prospective clients that I interview that have the displeasure of finding out that they have a child support arrearage,” Hopper told the newspaper.

The issue is particularly troublesome to wealthier clients who can accumulate substantial arrearages quickly if they miss a few payments. Since those child support payers who owe more than $15,000 face felony charges and up to eight years in prison, Hopper said high-income dads are at greater jeopardy of facing punishment simply because they’re paying a higher dollar amount in support.

The article “Bill Would Change Child Support Statute” is for subscribers only, but it can be read by signing up for a free 8-week trial. Read Jason Hopper’s bio for more information.

Indiana Lawyer‘s interest in reporting Mr. Hopper’s insight into this timely issue is indicative of the respect earned by the Cordell & Cordell law firm and its skilled divorce lawyers. With more than 20 years experience representing men’s interests in divorce and domestic litigation matters, Cordell & Cordell continually proves it is a partner men can count on.

To schedule an appointment with a Cordell & Cordell attorney, please call 1.866.DADS.LAW.

Sticking together for the children may not be the best option

Although some couples who are trapped in a loveless marriage may think that sticking together is what is best for their children, the opposite can actually be true.

According to the Muskegon Chronicle, children are more perceptive than we often give them credit for, and can tell when a situation is deteriorating.

“If the relationship is so unhealthy … it’s not a good situation for the children,” Susan P. Johnson, chief executive of Every Woman’s Place in Muskegon, said. “We have a tendency to think kids somehow through their immaturity don’t understand that something’s going on. There’s a ton of research that shows that’s not the case.”

Although the statistics point to many marriages in Muskegon County ending earlier than in previous generations, Johnson noted that this was because couples in the 1960s did not have the resources or knowledge to divorce when things reached a breaking point, the news source reported.

The Day reported that children may be better off with parents who split instead of staying together despite many differences, as they will benefit from a more positive environment and less stress.

Bills would reform alimony in Florida

Alimony reform appears to be a hot topic around the country following the recent passage of a bill in Massachusetts that brought these spousal support payments in line with reality.

Florida has hopped on the alimony reform bandwagon with nearly identical bills being introduced in the House and the Senate.

“Florida’s permanent alimony laws are relics from another century,” Representative Ritch Workman, sponsor of HB 549 in the House, said. “I support helping the lower-earning spouse during a transition period after a marriage ends, but there are too many injustices in the current system. Too often, lifetime alimony brings payers to bankruptcy, insolvency, and foreclosure. Lifetime alimony sends the wrong message to those getting divorced in our state.”

Specifically the bills (the one in the state Senate is SB 748) would put a cap on the length of time alimony can be paid based on the length of the marriage, would virtually end alimony once retirement age is reached and would limit the maximum amount of alimony paid to 20 percent of the payer’s monthly income, among other provisions, according to Florida Alimony Reform.

Lawmakers in New Jersey are also reportedly attempting to reform the state’s alimony laws, according to the Huffington Post.

Read more about alimony reform efforts on our affiliated website MensRights.com.