Property Division: Keeping What’s Yours

by Erik Carter, JD (Cordell & Cordell, PC) What constitutes marital property? The answer to this question will largely depend on where you live. In Indiana, all assets owned by either party at the time you file for divorce are considered marital property. It makes no difference how the property …

IRS Changes Pertaining To Children Of Divorced Parents

Tax & Financial expert, Michael Isenhart of Isenhart Tax & Financial, joins family law attorney, Dan Cuneo, JD (Cordell & Cordell, PC) to discuss changes in this year’s tax laws pertaining to dependent children of divorced or separated parents or parents who live apart. Make reading this a part of …

Preserving Your Retirement

by Richard J. Coffee, II, Cordell & Cordell, P.C. The dissolution of a marriage presents numerous changes and unfortunate consequences. Custody issues may be resolved by compromise, mediation and/or counseling. The personal property division may be an irritating inconvenience. Financial support a current cash flow adjustment. None of these are …

Post-Divorce Housekeeping: A General Overview: Part 2

by Tiffany McFarland Esq., Cordell & Cordell, PC. Transferring IRA Interests Interests in your traditional individual retirement account (“IRA”) or that of your spouse may be made per Internal Revenue Service (“IRS”) guidelines when the transfer is incident to a divorce. The transfer is tax free. There are two commonly-used …

Maintenance: What you want to know…

MAINTENANCE: HOW IS IT CALCULATED, HOW CAN IT BE REDUCED, and WHEN DOES IT END? by Claudia J. Weaver, Cordell & Cordell, P.C. Alimony, now commonly referred to as maintenance or spousal support, is often a significant concern of those getting divorced. We have a public policy in this country …

Budget Not Bankruptcy

“How am I supposed to pay that much and continue to live?!” For most noncustodial parents the amount of child support that they are determined obligated to pay comes as a shock. In many states the amount of child support a non-custodial parent is obligated to pay can be as much …

It’s What You Keep…

According to the Tax Foundation, a non-profit, non-partisan organization, Tax Freedom Day will come on April 23 in 2008. What this means is that the average American will be working through the 23rd just to pay all of their taxes. This includes both federal and state income taxes, sales and …

Unclean Hands

Since the time your Decree of Dissolution was entered, you learned your ex just received a $20,000 raise at work. You also noted that she hasn’t reimbursed you for her half of your child’s select soccer fees. Is now the right time to come back to Court to get your …

Ask a Lawyer: Disabled and under reporting at Social Security

Question: I have been approved for SSDI medically but just got declined because SS says I don’t have enough quarters reported in the last ten years. I have been involved in running, managing or contributing to the practice for over 12 years…2 year of which I worked full time in …

But, He Is A Wonderful Father

I was recently involved in a rather contentious settlement negotiation with my client, his ex-wife and her attorney. The issue involved the proposed elimination of my client’s child support obligation to his ex-wife for their child. While my client’s income increased modestly since the date of the Decree, his ex-wife’s …