Should the economy play a factor in getting a divorce?

A recent survey shows 57 percent of lawyers nationwide have seen a decrease in divorce filings compared to last fall, according to the American Academy of Matrimonial Lawyers.

That’s on top of a steady plunge of filings since 2007.

“The current economic climate is proving to be far more unforgiving than estranged couples seeking a divorce,” Gary Nickelson, president of the AAML, said in a statement. “Forced to weigh damaged marriages against tight budgets and uncertain financial outlooks, many spouses seem more willing to try to wait out the recessionary storm.” 

However, there are those who feel you shouldn’t let the poor economy prevent you from getting a divorce that would inevitably happen. For some guys, divorce may make the most sense when they think they can least afford it.

For those already committed to divorce, family law attorney Joseph Cordell, JD, CPA, LL.M explains strategies that are available in a weak economy

 

 

 

Mr. Cordell explains how factors such as considering the present and future values of cash flows, diminished business values in times of economic recession, advantages available only to you because of your inside knowledge of your business, and other tools that you might not have realized are available to you can strengthen your position in settling your divorce.

Also available is Mr. Cordell’s podcast “Divorce in a Recession.”Joe Cordell

Joseph E. Cordell is the Principal at Cordell & Cordell, PC, which he founded in 1990 with his wife, Yvonne.

 

 

 

 

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