New York Matrimonial Attorney Ted Sternklar Quoted on Market-Timed Divorces in the Financial Advisor
Sternklar, who's been a divorce attorney for the wealthy for 35 years, explained that it's usually "emotional or psychological factors that prompt a split. But with the market drop being so fast and so deep, people are timing their split accordingly."
"If you're going to market-time a divorce, now is about as good as you're going to get in your lifetime," Sternklar said. "People are coming to me to discuss or initiate divorce, and they're saying, 'Do it quick before the market goes up.' I've never had that before."
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