April 2012 | Cordell & Cordell

Archives for April 2012

Joe Cordell Shares The Truth About Prenups With Huffington Post

prenuptial agreementOnce seen as an inducement to divorce, and thus a detriment to marriage, prenuptial agreements are now treated as a strength for marriage, though they are not for everyone, according to Joseph Cordell’s latest column on HuffingtonPost.com.

“There’s a popular perception that prenuptial agreements are a cynical way to enter into a marriage,” Cordell wrote in his post “What You Need To Know About Prenups.” “It’s true that prenups recognize the possibility of divorce, but with roughly half of all marriages ending in divorce you would be ignoring reality if you didn’t attempt to protect your interests before tying the knot.”

In general, there are four factors to consider when deciding whether you should pursue a prenup.

1. Age of the parties: the older you are, the more likely you need one.
2. Children from a previous relationship: a prenup is always a good tool to protect the financial future of children from prior marriages or relationships, but these agreements are not allowed to regulate issues relating to children of the future marriage, such as child custody.
3. Presence of substantial assets: the more assets you have, the more likely you need a prenup.
4. Disparity of assets: if there is a large disparity in assets between the two parties, then you want a prenup.

Read more about prenuptial agreements and whether such an agreement befits your situation on HuffingtonPost.com.

Joe Cordell On Bobby Petrino, Marital Misconduct

Joseph CordellCordell & Cordell co-founder Joseph Cordell appeared on Yahoo Sports Radio Network to discuss disgraced football coach Bobby Petrino’s case and how marital misconduct impacts divorce for men.

Petrino, a married father of four children, was fired as head football coach at the University of Arkansas after he covered up he was having an affair with Jessica Dorell, a 25-year-old Arkansas athletic department employee whom he hired. Their affair was revealed after Petrino and Dorrell were involved in a motorcycle accident.

“Whenever you have misconduct like this it has effects that ramify throughout the entire case,” Cordell told host Craig Shemon. “There is potential civil liability of which a judgment could affect marital assets. Dissipating assets, such as giving $20,000 to his girlfriend as has been reported, is also frowned upon by family law judges.”

Listen below to Cordell’s full interview with Yahoo Sports Radio Network:

Cordell & Cordell’s 5 Ways To Sabotage Child Custody

sabotage child custodyCordell & Cordell co-founder Joseph Cordell relied on his decades of experience to compile for HuffingtonPost.com his list of five common mistakes men make during child custody battles.

“Judges are human and susceptible to biases, including the antiquated preconception that children of divorce are better off living with their mothers,” Cordell shared with HuffingtonPost.com. “So guys cannot afford to fall any further behind when it comes to presenting their case for custody.”

These five mistakes will certainly hurt your custody chances:

  1. Yelling at your wife.
  2. Moving in with a significant other.
  3. Criticizing your wife to friends, family, and children.
  4. Denying telephone contact with mom when the children are with you.
  5. Taking the kids out of the area without warning mom in advance.

If you behave as though the judge were standing next to you each time you interact with your wife and children, Cordell writes, you will certainly avoid the pitfalls that will reduce your custody chances.

Read the full article: “Ways To Sabotage Child Custody