principal partner Archives | Cordell & Cordell

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.

Joe Cordell Speaks with Money Radio about Issues Men Face During Divorce

money radioPrincipal Partner Joseph Cordell recently spoke with Ken Morgan from Money Radio on the station’s Business for Breakfast show.

During his interview, Mr. Cordell addressed many of the most common mistakes men make when facing divorce. He mentioned that for men who want primary child custody, or want to play large roles in their children’s lives, it’s often important not to move out of the house too early in the process.

“Once you’ve done that, you’re at a disadvantage,” Mr. Cordell explained. “Then, you’ve left your children in the primary care of mom. It can be difficult to get back to the place that you were before you walked out that door.”

He also discussed the disadvantages men sometimes face when dealing with family courts.

“There’s been a lot of progress in the last 20 years, I’m happy to report,” said Mr. Cordell. “But for the most part, when guys are in the family courts, they face an uphill battle for equal opportunity with custody of their children, maintenance, issues with child support…[they] are still overwhelmingly at a disadvantage.”

Find audio from Mr. Cordell’s interview with Business for Breakfast below.