divorce finances Archives | Cordell & Cordell

Joe Cordell Writes About Financial Consequences Of Infidelity

financial advisor magazineIn his most recent column for Financial Advisor Magazine, Cordell & Cordell Principal Partner Joe Cordell wrote about the recent Ashley Madison security breach and the potential financial consequences of infidelity during divorce proceedings.

Several Cordell & Cordell attorneys have already commented on the scandal for various media outlets, and in his column Mr. Cordell wrote that there are both direct and indirect financial consequences when marriages end because of cheating. [Read more…]

Joe Cordell Explains Financial Advisors’ Value In Divorce

financial advisorsIn his most recent Financial Advisor Magazine column, Cordell & Cordell Principal Partner Joe Cordell explained the value financial experts can bring to the divorce process by providing several specific examples of how advisors can impact divorce proceedings on a day-to-day basis. [Read more…]

Joseph Cordell Discusses Financial Advisors and Divorce

financial advisor magazineFinancial advisors and divorce are the focus in Cordell & Cordell Principal Partner Joseph Cordell’s recent column for Financial Advisor Magazine.

In his August 2014 article, “Five Steps to Helping Divorcing Clients,” Mr. Cordell outlines different actions financial advisors can take to better prepare themselves for dealing with clients going through divorce.

Mr. Cordell emphasizes the importance of obtaining Certified Divorce Financial Analyst accreditation as well as sharpening marketing focus, getting information out about accreditation and experience, developing a revenue model for divorcing clients and, ultimately, cultivating a divorce-friendly environment.

“Relationships formed during those trying times not only take a weight off the shoulders of the person going through a divorce but also help create enduring associations that can last for decades after the divorce is finalized,” said Mr. Cordell.

Read the article online here.

Principal Partner Joe Cordell Speaks with Money Radio on the Benefits of Hiring a Financial Advisor

money radioWhile divorce itself is complicated, divorce with financial issues can be even more difficult.

Earlier this week, Cordell & Cordell Principal Partner Joseph Cordell spoke with Money Radio 1510 about the financial complications that can sometimes pile on during divorce cases.

“There can be a client who’s struggling to understand the arcane rules of divorce, and then throw in the emotional overlay of divorce, and there’s this whole set of rules and uncertainties associated with how their assets are going to be configured at the end of this process,” said Mr. Cordell.

He discussed the importance of hiring a certified divorce financial analyst. Mentioning that this type of position can be a challenging one on its own, he acknowledged that doing such a job while helping someone in a divorce can be even more complex.

During this time, clients’ emotions are high, and thought processes are not always clear, thus the financial advisor must be able to help such a client make rational decisions with his or her assets, money and future plans.

Mr. Cordell pointed out the legal obligation of hiring a lawyer who represents only one side, but drew parallels to the importance of hiring one financial advisor who would then oversee only one client’s side with finances.

Find audio from this interview below.