Divorce may make the most sense when you think you can least afford it, according to Joseph Cordell’s latest Huffington Post column.
The co-founder of Cordell & Cordell explained that in the stock market, you buy low and sell high. So why would you divorce high and not low when current economic times have severely depreciated assets?
“Divorce is something you don’t want to choose unless you must,” Cordell writes. “To those of you who must, I want you to keep in mind the timing of a divorce.”
Cordell & Cordell does not advocate for divorce, but if you already have reached the decision that a divorce is the best option for you then the current economic climate may be in your best interests.
“Hard economic times are potentially favorable to the party that generates more income and has more assets, particularly temporarily depressed assets,” Cordell writes. “It may be less financially painful to divide the assets, such as your home or your retirement account, when the values are much smaller.”
You need to sit down with a divorce lawyer to explore the best timing options in your case to minimize your financial exposure if you have already concluded that you are going to get a divorce.
Read the full article: “Divorce May Be A Discretionary Purchase“