Double Dipping in Business Valuations – Men’s Divorce Podcast
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About This Episode
Cordell & Cordell Executive/Managing Partner, CEO Scott Trout discusses the issue of double dipping during business valuations in divorce.
This common problem in family law cases occurs when a court considers the value of a business during property division as well as the income generated from that business when determining spousal support or child support. This can lead to one party having to pay more than their fair share in support.
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Joseph E. Cordell is the Principal Partner at Cordell and Cordell, P.C., which he founded in 1990 with his wife, Yvonne. Over the past 25 years, the firm has grown to include more than 100 offices in 30 states, as well as internationally in the United Kingdom. Mr. Cordell is licensed to practice in the states of Illinois and Missouri and received his LL.M. from Washington University in St. Louis, Missouri. Joseph E. Cordell was named one of the Top 10 Best Family Law Attorneys for Client Satisfaction in Missouri.