The Affidavit of Financial Disclosure (or a Financial Affidavit) is a very important document in domestic relations, especially in divorce matters. If you are pursuing an agreed upon dissolution of marriage (instead of a divorce), the Financial Affidavits are required, but they are not nearly as important as in divorce actions. In dissolutions, the Financial Affidavit establishes the required disclosure of all assets and liabilities which is the foundation for any dissolution. Also, in a dissolution, since the parties have everything settled between them, any issues regarding what Husband earns or what Wife earns are largely irrelevant because the parties have already determined which party will be paying child support and/or spousal support (alimony) and the amount thereof. The Court is not likely to interfere with those agreements.
In a divorce, which is an adversarial proceeding, one party may be requesting spousal support and/or child support. In Montgomery County, Ohio, it is especially important to complete the Affidavit of Financial Disclosure because the Court relies upon that information when issuing its Temporary Order for Custody and Support. Accordingly, if the Financial Affidavit reflects that both parties are still residing in the same home together, the Court will not typically issue … Read More... “The Importance of a “Correctly Completed” Affidavit of Financial Disclosure”
Fans of football in general, but more particularly fans of the West Virginia University Mountaineers and the Cincinnati Bengals, mourn the untimely loss of Chris Henry on December 17, 2009. He was just twenty-six (26) years of age. Henry had a stellar career as a wide receiver at West Virginia University and was drafted by the Cincinnati Bengals in the third (3rd) round of the 2005 draft. He had some notable off-the-field problems and at least five (5) legal-related incidents but was seemingly back on track with both his football career and life when he sustained an injury to his forearm in mid-season of 2009. During the Cincinnati-Baltimore game, Chris sustained a fracture to his left forearm and was thereafter placed on the “injured reserve” list.
It is newsworthy that the State of Ohio has taken major “hits” in the job loss category and that our unemployment rate approaches 10%. Recently, General Motors, aka Delphi, has closed most plants in Dayton causing a massive loss of jobs in the manufacturing sector. Then, National Cash Register (NCR) announced the company was moving its headquarters and nearly fifteen hundred (1500) jobs to a suburb of Atlanta, Georgia. The Dayton Daily News has reported that eleven (11) policemen are slated to “lose their jobs” due to budgetary constraints. Also, businesses associated with supplying the auto industry with parts and services are feeling a financial “crunch” as their major or primary customer was General Motors, aka Delphi.
I came across an interesting survey last month in the Gordon Poll Youth Survey published by the Wilmington Institute Network. Dr. Robert Gordon is the founder and director of the Wilmington Institute of Trial and Settlement Sciences. He is a past president of the Texas Psychological Association and is author of “On the Witness Stand.” He is both a clinical psychologist and a lawyer. The work of Dr. Gordon and the institute team has been featured on the MacNeil-Lehrer News Hour, ABC, Nightline, CNN, Fox News, Larry King Live, Good Morning America and USA Today.![[bar.gif]](https://www.hcmmlaw.com/blog/wp-content/themes/greenline-10/img/1b.gif)
40.22%
Perhaps it is time to forget the “I am a man and can take care of myself” attitude. Did you know that under Ohio law, the factors for alimony or spousal support are gender blind? Up until the 1980’s there were few men who received spousal support from their wives, but times and attitudes are slowly changing. As more men are granted custody of their children or become stay at home dads, the need for women to pay both child and spousal support has increased. But interestingly, statistics show that “thirty-three percent of higher-earning spouses are women, but fewer than four percent of alimony payers are women”, according to a CNN article on Manimony (a slang term for alimony paid to men). In today’s society many men still refuse to request spousal support even if their spouse earns much more money than they do. So it seems that the inequality in spousal support awards may have more to do with male machismo than any legal bias.