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Podcast

Joe Cordell Talks Divorce And Taxes With Money Radio

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About This Episode

divorce and taxesDivorce can have a significant impact on your taxes. And unfortunately, there is a significant portion of the population that could be losing thousands of dollars because they’re not getting the proper amount of professional advice they need regarding the value of their assets.

In a recent appearance on Phoenix Money Radio’s “Business for Breakfast,” Cordell & Cordell Principal Partner Joseph Cordell discussed how financial advisors can be of assistance to clients going through divorce when evaluating the value of their assets.

Mr. Cordell noted that affluent people likely have a number of financial professionals participating in their divorce process and helping to sort out tax matters and business evaluations.

However, there is another segment of the population that has assets of significant value – such as homes, retirement plans, and smaller businesses – that leaves everything up to their attorney.

This can be a costly mistake as they might not be getting the proper value of their assets in the process.

“If you take people with incomes between say $75,000 and $200,000, that’s a broad range,” Mr. Cordell said. “… It’s this swath of people, where I’ve found over the years, is that you do not see included in the divorce process this sort of professional assistance to lawyers that you would see falling above that range.”

Listen to the entire interview below.

Joseph E. Cordell, founder of Cordell & Cordell family law offices
About The Host
Joseph E. Cordell
Joseph E. Cordell, founder of Cordell & Cordell family law offices
Co-Founder, Principal Partner

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.

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Our clients hire Cordell & Cordell because the firm is committed to relentlessly advocating for the rights of individuals and parents involved in divorce or family law matters. Cordell attorneys understand the challenges and imbalances that can arise in these situations and are dedicated to providing the legal guidance and resources needed to level the playing field—giving our clients a fair chance at success.