property division Archives | Page 6 of 6 | Cordell & Cordell

Divorce Assets: Keep Them Separate

In the latest installment of Joe Cordell’s weekly AskMen.com column, Divorce Assets: The Divorce Files, the Cordell & Cordell Principal Partner explains the many ways assets, even those held separately, can become commingled during a marriage, thus becoming fair game for division upon divorce.

Cordell gives real-world examples of how good record keeping can save your pre-marriage assets from the divorce court guillotine.

Read the entire article about dividing marital assets.

Prenuptial Agreement Trends in St. Louis

Joseph Cordell was quoted in St. Louis Magazine about new trends in prenuptial agreements.

There’s a popular perception that prenups are a cynical way to enter into a marriage,” said Cordell. “It’s true there’s recognition of the possibility of divorce, but to think otherwise is contrary to reality.”

“It’s more incumbent upon some people entering a marriage than others,” he added. “If you have a young couple getting married, and they’re both broke, then marital property is probably subject to a 50/50 division. By contrast, when you have an older couple, where parties have been married before or have accumulated substantial amounts of property, through a slight misstep in the normal judicial process of divorce, separate assets could be converted to become marital property. It would be reckless for a couple in that second example to ignore the possibility of divorce.”

Contact a Cordell & Cordell office near you to set up an appointment to discuss your prenuptial agreement.

CNN: Economy Prolongs Some Marriage, Ends Others

Here’s what CNN had to say about Cordell & Cordell:

The Cordell & Cordell law firm, which bills itself as one of the largest divorce firms in the country, has been running radio ads suggesting people whose assets have tanked may want to consider divorce because they’ll lose less money to their partner, said Joseph Cordell, the firm’s principal partner.

Cordell said the advice is meant only for couples who are certain they want to divorce.

“For guys that know they’re going to end up getting divorced, they really need to realize that, oddly enough, it’s when they can least afford it that it can make the most sense,” he said.

Read the full article on divorcing in the recession.