Have you wondered about going through a divorce peacefully? You may have heard about collaborative divorce. Unfortunately, rumors circulate that this option is not as different as traditional divorce. Debunking these myths with facts can help you assess whether collaborative divorce is the right fit for you and your spouse.
Only works when all parties get along
Contrary to rumors, collaborative divorce does not require you and your spouse to be friends or on good terms. It only asks for a shared commitment to settlement.
When you choose collaborative divorce, the process revolves around a participation agreement. This guarantees that you and your spouse, as well as a legal team, pledge to resolve issues outside court. Breaking this promise results in the required withdrawal of the collaborative team, which serves as an incentive to manage conflict effectively.
Comes with expensive costs
While it is true that you have to spend on hiring lawyers, coaches and financial neutrals, treat them as investments. These grant efficiency, certainty and peace of mind, enabling you and your spouse to reach a negotiated solution. In contrast, litigation comes with unpredictable and extensive costly procedures that can be financially devastating.
Cannot handle complex assets
Collaborative divorce is an avenue to discuss the equitable division of complex marital assets. Your financial neutral will have the knowledge and experience to tackle these issues. From appraising assets to creating future cash flows for both parties, this divorce option can ensure fairness.
Deciding on a path to move forward
Choosing your path is a deeply personal decision, but remember that a peaceful transition is possible. If you want to learn more about how collaborative divorce can work for your situation, seeking legal advice can be a valuable resource. This guidance can help you start your next chapter with confidence.