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State: Illinois

Rachel Grey Schmidt

Rachel Schmidt

Written by Abby Johns on .

A background in psychology allows Rachel D.S. Schmidt help clients keep their case in perspective while dealing with all the emotions a family law matter often brings.

“I try and take the emotion out of the situation so they will understand the options and advice better,” Ms. Schmidt said. “The judge isn’t emotionally tied to the case and that’s what they have to keep in mind in their case.”

Communication between the attorney and their client is key whether it is the attorney telling the client about the process, or it is the client telling the attorney the facts of the case, she said. If your attorney does not know the full set of facts then the consequences could be dire.

“If I have no idea about something going on in the case because it wasn’t disclosed, then we can’t prepare for it, combat it, and have evidence to disprove it,” Ms. Schmidt said. “I need to know the full history of the case and their relationship with the opposing party.”

Joe Cordell Speaks on WBBM Noon Business Hour About What to Expect in a Divorce

Written by Joseph E. Cordell on .

wbbm noon business hourPrincipal Partner Joseph Cordell spoke on CBS Radio’s prestigious WBBM Noon Business Hour about how to prepare for divorce, what to expect and best practices for going through a divorce. This interview was featured on the station’s Personal Finance Wednesday segment on May 7.

Mr. Cordell also discussed how divorce can devastate investments, assets and your business, often putting others at peril. He spoke about the importance of preparing for such events and understanding what can occur if one is about to face the reality of divorce.

Earlier this year, Mr. Cordell wrote an article for Financial Advisor magazine about similar issues, and particularly, about the need for financial advising assistance during different steps in a divorce as well as for different persons.

Find audio from Mr. Cordell’s radio interview on Noon Business Hour below.

Crain’s Chicago Business Features Joe Cordell’s Family Business Survival Guide

Written by Joseph E. Cordell on .

Crains-ChicagoCrain’s Chicago Business newspaper, the city’s premier source of business news, interviewed Cordell & Cordell principal partner Joseph Cordell about the significant damage a divorce can do to a business.

In “Family business and divorce: a six-step survival guide,” Mr. Cordell cautioned that for family-owned businesses run by married couples, a poorly handled divorce can be a one-way ticket to bankruptcy court.

Because the value of the business is critical in determining how much a departing spouse receives, it’s best to divorce before you expect a business to really take off, according to Mr. Cordell.

“The best time financially for a guy to consider divorce is not when the business is doing well but when it is doing poorly,” Mr. Cordell said. “When you know your marriage is awful and you’ve just been limping along, the best time to do it is when you can least afford it.”

To learn more ways to protect yourself and your business read the full article, “Family business and divorce: a six-step survival guide.”