While there are plenty of variables that will impact each divorce individually depending on different laws and circumstances, there are some general rules that give an idea of how a divorce will affect someone financially. [Read more…]
In the interview, Mr. Cordell reviews how the billion-dollar divorce case is testing the limits of some of the theories of how to divide money in divorce cases. [Read more…]
Men’s Health magazine turned to Cordell & Cordell co-founder and principal partner Joseph Cordell to educate guys on three ways to cover their marital assets.
In the April issue’s MetroGrades feature, Mr. Cordell offers suggestions on the best ways to pay for a divorce and warns about a common divorce mistake men make: insufficient consideration of financial documents and records.
“Men have a habit of rushing through the forms that courts use to determine division of property,” he said. “Often the numbers from spouses are vastly different; that becomes the battlefield on which the divorce is fought.”
The majority of people begin to consider asset protection planning only after being served with a lawsuit, but by then, it is already too late to shield your assets.
Insurance, trusts, incorporation and retirement accounts can protect you from poverty if you’re sued.
St. Louis Post-Dispatch business columnist Jim Gallagher interviewed Cordell & Cordell co-founder Joseph Cordell and Belleville Divorce Lawyer Richard Coffee about the law firm’s new asset protection business and “Keeping Judgment Hounds At Bay.”
“We’ve been protecting guys’ assets from arguably the greatest menace that might exist out there,” Cordell told Gallagher. He meant their wives.
Now Cordell & Cordell is expanding the practice to help guys protect themselves from other threats – namely lawyers waving judgments.
Read the full article on St. Louis asset protection.
And remember, to secure all that you’ve worked so hard to achieve, Cordell & Cordell now offers asset protection services in St. Louis to safeguard your financial future.
Call 314.725.0000 Or Email Us To Set Up An Appointment
Cordell & Cordell co-founder Joseph Cordell is featured on HuffingtonPost.com for his viewpoint that guys do not appreciate the extent and comprehensiveness of the marriage contract that essentially means all of their assets become hopelessly commingled once they are married.
“The single most important economic decision a person will make during their lifetime is deciding to say, ‘I do,'” Cordell writes. “The second most important economic decision a person will make is deciding to say, ‘I don’t.'”
It’s likely one of the spouses in a marriage will contribute disproportionately more in assets to the marital partnership, yet all that income, property, and assets become merged into one marital pot where the lesser contributing spouse is now entitled to half.
So what should men do to protect their assets? Read the Huffington Post article: “Careful Marriage Contract May Facilitate Less Painful Divorces.”