St. Louis Post-Dispatch Interviews Joe Cordell and Richard Coffee About Asset Protection

Joseph Cordell The majority of people begin to consider asset protection planning only after being served with a lawsuit, but by then, it is already too late to shield your assets.

Insurance, trusts, incorporation and retirement accounts can protect you from poverty if you’re sued.

St. Louis Post-Dispatch business columnist Jim Gallagher interviewed Cordell & Cordell co-founder Joseph Cordell and Belleville Divorce Lawyer Richard Coffee about the law firm’s new asset protection business and “Keeping Judgment Hounds At Bay.”

“We’ve been protecting guys’ assets from arguably the greatest menace that might exist out there,” Cordell told Gallagher. He meant their wives.

Now Cordell & Cordell is expanding the practice to help guys protect themselves from other threats – namely lawyers waving judgments.

Read the full article on St. Louis asset protection.

And remember, to secure all that you’ve worked so hard to achieve, Cordell & Cordell now offers asset protection services in St. Louis to safeguard your financial future.

Call 314.725.0000 Or Email Us To Set Up An Appointment

Pair of Maryland Fathers Sue Washington D.C. Child and Family Services

A pair of Maryland dads are suing the District of Columbia Child and Family Services Agency (CFS) for denying them custody of their children after the organization took their offspring from their mothers, according to the Washington Post.

Sam Wilson and Andre Adgerson were hands-on fathers who until recently had joint custody of their children. The mothers of their children were found to have neglected the kids to the extent that they had to be removed from their homes, the news source reported.

When the CFS came to take the children from their mothers, they took the kids to a foster care center instead of placing them in the custody of their fathers.

According to the news provider, this decision came as a result of the CFS’s interpretation of the Interstate Compact on the Placement of Children. This led to the children being placed in foster homes for between one and six months while their fathers were assessed, despite their joint custody that was previously granted.

The District of Columbia and Family Services Agency handled more than 2,140 children who were in out-of-home care for 2009, according to the government website.

Woman sues after losing custody of newborn

A Pennsylvania woman is suing the Lawrence County Department of Children and Youth Services for removing her newborn son from her custody after she tested positive for opiates that she alleged was the result of poppy seed consumption, according to multiple reports.

The woman, Eileen Bower, claims officials took custody of her son directly after his birth. A routine blood test performed at Jameson Hospital detected opiates in her system, leading workers to contact state authorities. However, Bower’s lawyer said his client had eaten a salad with a dressing containing poppy seeds before giving birth in July 2009, which he said likely led to the positive test result.

“There were only trace amounts of opiates – they couldn’t even put a range on the amount,” Bower’s lawyer explained.

Bower retained custody of her son, now two years old, 75 days after the incident.

Another woman who gave birth at Jameson Hospital is involved in a similar lawsuit. Elizabeth Mort, who filed a lawsuit against the hospital and state child protection services last October, claims her newborn daughter was removed from her custody after she tested positive for opiates following the consumption of an everything bagel with poppy seeds.

The American Civil Liberties Union attorney told Change.org that Jameson Hospital has a written policy of submitting new mothers to urine drug tests and reporting them to the state if they test positive for illegal substances.

Nobel Prize winner sues divorce lawyer

A Nobel Prize-winning economist has sued his former lawyer for more than $1 million in damages after claiming his attorney failed to file divorce papers in time to prevent his ex-wife from claiming some of his Nobel Prize money, Bloomberg reports.

Joseph E. Stiglitz, 68, alleges he lost more than $5 million because his lawyer had questionable “loyalties,” according to court documents. His lawyer had reportedly never told him that he had consulted with his ex-wife, Jane Hannaway, about a potential divorce before he hired the attorney in 2000.

In addition, Stiglitz said in court papers that he asked his attorney to file divorce papers in Washington multiple times in 2000 and 2001 in order to protect his finances, which was not done, reported the source.

A court complaint said Stiglitz expected that, “certain future publications he was working on, along with the potential award of the Nobel Prize in Economics in October 2001, would generate income which he wished to protect from being awarded in a divorce to Hannaway.”

Stiglitz shared the Nobel Memorial Prize in Economic Sciences in 2001 for demonstrating how markets are inefficient when all parties in a transaction don’t have equal access to critical information. Stiglitz is currently a professor of economics at Columbia University.

Lawsuit alleging child support over-payments

A class action lawsuit has been filed against the state of Ohio for allegedly overcollecting on child support payments.

The lawsuit against the Ohio Department of Job and Family Services (ODJFS) claims that it has collected $176 million too much from more than 114,000 people who pay child support, according to a release from The American Coalition for Fathers and Children (ACFC).

Michael McCormick, the executive director of ACFC, said that the issue at stake in the lawsuit was important for everyone in Ohio.

“Overzealous and erroneous child support collection efforts affect all citizens. This case is not about parents who don’t, or can’t, pay child support,” he said. “ODJFS is literally taking money it is not entitled to from tens of thousands of good support paying mothers and fathers who could use those funds for food, shelter, and education for their children when they are with them.”

Other issues regarding child support in Ohio have emerged over the years. In 2010 the Columbus Dispatch reported that a single father had $50 deducted from his wages every week for child support, even though his son was living with him.