Collaborative Divorce

Collaborative Divorce is gaining in popularity with couples who have similar goals and objectives in divorce.  The collaborative process differs from litigation because both parties are represented by attorneys who agree upfront not to represent the parties if they decide later to litigate.  This agreement is designed to incite the attorneys to participate fully in the collaboration process. The collaborative process has many benefits for couples who believe that they can work out their differences; and, when all parties seek transparency.

During collaborative divorce, in addition to the attorneys, another key player is the financial professional.  The financial professional works with both spouses to collect financial data and begins the tedious task of separating assets.  Remaining neutral throughout the process, the financial expert will advise the attorneys on the complex financial aspects of the marital estate and ensures both parties are fairly represented, financially, in the settlement.  A financial expert levels the playing field when the understanding of financial concepts is different.  

The collaborative divorce practice is beneficial for a number of reasons.  Mainly, it encourages both parties to work together to come to an agreement without the sometimes hostile environment of a court case.  Often, families with children, who are affected emotionally by a divorce, will seek a collaborative divorce to ensure the well being of the children is the highest priority.  Also, high profile clients who wish to keep the process private find that collaborative divorce attracts less media attention.  The process is successful and it generally leads to lower overall costs.