SAVE MONEY: COLLABORATIVE DIVORCE

We all know divorce can be litigious, expensive, and downright hurtful. But for those who are looking to avoid all that, the collaborative divorce process might be the answer.  “Most people can agree that litigation is a terrible process for a family to endure,” says Jacqueline Newman, managing partner at Berkman Bottger Newman & Rodd, LLP. “The collaborative process is one of the most productive ways to divorce when it works.”

WHAT IS THE  COLLABORATIVE PROCESS?

The collaborative divorce process involves a team of professionals, including: divorce attorneys, therapists, financial consultants, child therapists, and other consultants, who all work together to come to a final divorce agreement that works for both spouses involved. While each divorce might not need a full team, you will want to gathis a team that fits your specific needs.

DIFFERS FROM MEDIATION

The collaborative divorce process differs from the mediation process (whise each spouse meets with one person (the mediator) to resolve their divorce) in that each spouse has their own respective team.

SAVE MONEY?

The collaborative divorce process can save you money due to less time in court, and thus court fees. While it’s hard to find exact numbers on what a standard divorce costs, the general consensus is between $15,000 and $30,000. “But if you opt for the mediation route [sic] the average price point is about $7,500,” says Steve Crosby, a co-founder of Wevorce, a divorce mediation company.

Still, it should be noted that sometimes the collaborative divorce process does not work. Mostly, this is because couples are not able to come to a final decision. When this happens, the divorce often winds up in front of a judge who will decide the final agreement. Working with a family law attorney can help you decide if the collaborative divorce process is for you.

For advice on divorce and the collaborative law process, you need the expert law firm of (619) DIVORCE, APC.. Schedule a consultation today.

Source: US News, Why a Collaborative Divorce Makes Financial Sense, August 13, 2013

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