Skip to main content
Blog Post

Joe Cordell Talks About Planning For Divorce

lawyer meeting client for consultation
Book Your Initial Consultation

Money Radio on divorce and taxesDivorce should always be considered a nuclear option – something that should only be done when all attempts to save a marriage have been exhausted.

However, when it is clear that divorce is inevitable, an individual can do certain things to plan ahead that puts them at a huge advantage. That was the point Cordell & Cordell Principal Partner Joe Cordell made in his recent appearance on Phoenix Money Radio’s “Business for Breakfast.”

Generally, divorce is a solo enterprise regarding a partnership of two. While the divorce bar and divorce theorists have long promoted the idea of collaborative divorce where parties negotiate with mediators and reach a settlement that is mutually satisfying, that ideal often isn’t realistic.

“The nature of divorce is that it’s ugly and there is a lot of emotion involved and there’s this maelstrom of resentment, betrayal and often a variety of other factors,” Mr. Cordell said. “… So as it ends up, each party needs to fend for him or herself.”

For example, when an individual does have the luxury of knowing that divorce is coming, it might be advantageous if the market is favorable to liquefy assets in order to buy out the other party’s interest in a business or interest in a retirement plan.

“Often, the party that wants to retain those items is found suddenly in a position where they didn’t plan or couldn’t plan and the only option available to the court is liquidation in order to create the money in order for one party to be paid off, and usually those are not under conditions where the assets drive the most value,” Mr. Cordell said.

Click below to listen to the full interview.

Frank Murphy

Edited By Frank Murphy

Chief Compliance Officer
Frank Murphy

Frank Murphy is the Chief Compliance Officer and an Executive Partner at Cordell & Cordell. His responsibilities include oversight of the Firm’s compliance with Legal and Ethical obligations as well as contributing to the day-to-day operations of the Firm as an Executive Partner.

father with kids on couch

A Partner for Dads

We have 100+ offices serving 35 states.
Connect with a local Cordell & Cordell attorney for accurate, state-specific legal advice on divorce, custody, and spousal support issues.
cordell icon white

Why Hire
Cordell & Cordell?

Men hire Cordell & Cordell because the firm’s entire focus is on aggressively championing the rights of men and fathers through divorce. Our attorneys understand how the deck is often stacked against guys in family law and are committed to leveling the playing field by providing the legal guidance and resources needed to give them a fair chance at success.
94%
Client Satisfaction Rating
30+
Years In Business
100+
Offices
200+
Attorneys
100K+
Clients Serviced