There are a variety of situations in which you might need to know about collaborative divorce. These include when you or your spouse is unwilling to be completely transparent, if there is a large amount of conflict or physical abuse, or if there are not enough assets to divide. A collaborative divorce is an excellent option for most people in these situations.
If a Spouse is Unable or Unwilling to be Transparent
While collaborative divorce is an excellent option for many couples, there are some challenges that collaborative couples face. For instance, if one spouse is unwilling or unable to be completely transparent, the process may need to work out better. The spouse may not be willing to disclose financial details or may feel left out of the process. If this occurs, the process could fail, and the couple will have to start over. If this happens, the spouses will have to hire a new divorce attorney, and their work during the collaborative process is not usable.
Another downside to a collaborative divorce is that it does not include discovery, which is one of the most expensive litigation processes. Discovery can be oral or written and requires the parties to produce years’ worth of financial and asset documents. This can take weeks to complete, and attorneys spend countless hours reviewing these documents.
If There is Physical Abuse or a High Amount of Conflict
A collaborative divorce involves a group of professionals who meet with both parties privately and then draft a plan for a first four-way meeting. During this meeting, important issues are addressed. If necessary, additional experts from collaborative divorce NJ may be brought in. The team also focuses on the family’s needs and exchanges documents and appraisals.
The collaborative divorce process should be fair and safe for everyone. The process isn’t recommended if there is physical abuse or high conflict. Anger can be very damaging and easily manipulated by an abusive partner. In such cases, your attorney may suggest therapy for anger management.
If There is a Lack of Assets to Divide
The lack of assets in a collaborative divorce can create a problematic situation for the divorced couple. Lacking asset is a common problem many couples face during a divorce. The husband and wife often need help to agree on how to split the assets. The spouses should work together to find creative solutions in such a situation.
A collaborative divorce allows both parties to decide how to split their assets fairly and reach an agreement on other matters. During the collaborative process, couples work with a neutral financial professional to determine the fairest way to divide assets. The parties still retain their attorneys, but this process can provide an opportunity to find common ground.
If It Is Expensive
If collaborative divorce is expensive, there are several things to consider. The first thing to keep in mind is that the process is based on the interests and goals of both parties. The attorneys must be unbiased and a good match for both spouses. Some say that a collaborative divorce removes the ethical obligation to represent one side zealously. However, others suggest that the attorneys still have a duty to represent both sides.
Another factor to consider when determining if collaborative divorce is expensive is the number of meetings between the parties. Unless the parties opt for a ‘no court’ divorce agreement, their attorneys will likely charge hourly rates to attend these meetings. The attorneys will also charge for time spent enforcing court orders after the hearings.
If it Takes Longer
A collaborative divorce process is a good option for couples who are ready to work together to reach a fair agreement on the final terms of their divorce. The collaborative divorce model requires active communication and the willingness to abide by decisions made by the parties. It also gives both parties greater control over the outcome. The process can be quicker or slower depending on how quickly the parties reach agreements.
In collaborative divorce, each party hires a divorce attorney to assist them in negotiating a fair settlement. The attorneys will meet with the spouses separately and discuss the settlement options they hope to reach. The attorneys will then draw up a no-court agreement that will hold both parties accountable to the settlement agreement. The no-court agreement will also incentivize the parties to negotiate as much as possible.
If It is Contentious
A collaborative divorce may be the best option if you want to avoid the stress and costs of litigation. This process begins with meetings between you and your spouse’s attorney. Both parties must be willing to cooperate fully and be honest. Collaborative divorce attorneys must adhere to certain principles to avoid courtroom hostility and achieve mutually acceptable settlements. They are motivated by a win-win philosophy, which ensures everyone walks away from the process with something they agree on.
While a collaborative divorce can be highly beneficial, it is not for everyone. If your spouse is abusive, you may find it difficult to co-parent with them. However, if you and your spouse can co-parent effectively, collaborative divorce can be an excellent option for you and your children.