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Split and Shared Custody Arrangements
The Child Support Standards Act (CSSA), as we know it and as codified in Domestic Relations Law ' 240 and Family Court Act ' 413, went into effect Sept. 15, 1989, and recently celebrated its 22nd birthday. While the language of the statute has been modified, amended and polished over the course of the past two decades, it has yet to address specifically circumstances involving split or shared custody.
As the legislative notes state, the purpose of the statute and the formula guidelines contained therein was to “establish minimum and meaningful standards of obligations that are based on the premise that both parents share the responsibilities for child support.” In 1989, when the law first went into effect, it could be argued (at the risk of making sweeping generalizations) that the typical custodial/noncustodial relationship was comprised of a post-divorce non-working or part-time employed mother in the role of custodial parent, with the father relegated to the role of a “visiting” parent and support payor. The father would pay child support to the mother, and the father would enjoy periods of visitation with the children, while the children resided primarily with the mother and spent the majority of their time with her. Deviations from this general arrangement were not addressed by the legislature in the statute.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.