New York Matrimonial Attorney Ted Sternklar Quoted on Market-Timed Divorces in the Financial Advisor

Theodore Sternklar, counsel in the Family Law and Mediation Section of Buchanan Ingersoll & Rooney's New York office as well as chair of the firm's Matrimonial Practice, was quoted in a September 16, 2009, article published in both Financial Advisor magazine and Private Wealth magazine. The article, titled "Untying the Knot," discussed the influx of divorces in a down market. Specifically, Sternklar was quoted on the idea of market-timing a divorce.

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."