Welcome to the seventh episode of Divorce and Your Money Podcast. Your host, Shawn Leamon, MBA and Certified Divorce Analyst, will discuss a relatively new method of getting divorced called collaborative divorce.
Instead of fighting, you and your spouse agree to work together to reach an agreeable settlement to resolve any issues, which is the opposite of litigation. In collaborative divorce, the goal is to come up with a reasonable and mutually amicable settlement that is beneficial for both you and your spouse. If your divorce involves only limited acrimony, this course of action may be best for you.
Your attorneys, divorce financial analysts, and mediators should all have a thorough understanding of how this process works. It is a very specific area of law, and experts are available who are specifically trained in it. A collaborative divorce is generally less expensive compared with other methods.
It can save you thousands of dollars in court and attorney’s fees since the process is based on collaboration for a mutually beneficial settlement.
Key Learning Points:
- Both spouses agree to work together for an agreeable resolution.
- The goal is to reach a reasonable, mutually amicable, and beneficial settlement.
- Make sure your attorneys and divorce financial analysts are experts in this process.
- Collaborative divorce is generally less expensive compared with other methods.
- Both spouses need to agree for the process to work.