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What exactly is a collaborative divorce?

On Behalf of | May 3, 2021 | Blog, Divorce

New York couples who are thinking of ending their marriages should consider a collaborative divorce. This type of divorce allows the couple to come up with a settlement outside of court. It turns out that a collaborative divorce can be much cheaper, quicker, and easier for all parties involved.

How does this process work?

The collaborative divorce process works by both spouses working together to formulate an acceptable agreement for the settlement of their marital assets, liabilities, and child custody. As a spouse, you can work in private sessions with your lawyer to establish negotiable settlement terms to present to the other party.

It’s highly likely that you’ll have multiple meetings with the other party and their legal representative to establish the acceptable terms of your divorce agreement. You can even bring in specialists like a child custody specialist or accountant to help with the settlement process. Once you reach an acceptable agreement, you’ll simply need to submit the agreement to a family court judge for an official signature.

The benefits of a collaborative divorce

Deciding to undergo a collaborative divorce can help to save a lot of emotional anguish and arguing over the topic of your marital assets. With this type of divorce agreement, you work alongside your spouse to come up with a settlement that meets both of your needs. This type of settlement arrangement is much cheaper than going to a family court to have a judge decide what happens to your marital assets and children.

A collaborative divorce can be a great option for couples who are looking to go through a quick divorce process. As long as you’re still on amicable terms, you can reap the many benefits of this type of collaborative divorce agreement. Just ensure that you do have a lawyer to represent you during the collaborative divorce meetings.