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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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?