How Are Assets Divided in Divorce?
Divorce can be a challenging and emotionally charged process, especially when it comes to dividing your financial assets. In court-litigated cases, this often leads to added stress, complexity, and a great deal of emotion on both sides. However, the collaborative divorce model offers a more amicable and straightforward way to divide your financial assets during this challenging time.
Unlike court-litigated divorces, where a judge makes decisions, the collaborative process allows you and your partner to discuss and negotiate various options for dividing your assets. This flexibility often leads to more creative and tailored solutions that suit your unique circumstances.
Full financial asset disclosure is crucial in a collaborative divorce, as this model is based on transparency and open dialogue. You and your spouse must provide complete and honest financial information, ensuring that the division of assets is based on accurate data. This promotes trust and fairness, creating a solid foundation for financial discussions.
In a collaborative divorce, you and your spouse are supported by a team of experts, including attorneys, a financial neutral, and divorce coaches. This team approach ensures that you have access to the necessary expertise to navigate the financial aspects of your divorce efficiently and effectively.
Privacy and control are key benefits of a collaborative divorce. Your financial matters remain in a confidential setting. This gives you more control over dividing your assets, resulting in a more personalized and mutually agreeable outcome.
Collaborative divorce provides a more amicable, private, cost-effective, and fair approach to dividing your assets. By working with a team of experts and maintaining open communication with your spouse, a financial agreement can be reached and memorialized that benefits both of you. Collaborative divorce saves time, money and is private – unlike a litigated divorce!
Our team at Family Divorce Solutions is a group of well-respected, experienced and trained attorneys, mental health professionals, financial professionals, certified public accountants and child specialists who work as a team to reach a complete and satisfactory resolution for everyone involved.
Contact us today to see how our neutral financial specialists can help create a mutually agreeable divorce agreement.
Note: This information is general in nature and should not be construed as legal/financial/tax/or mental health advice. You should work with your attorney, financial, mental health or tax professional to determine what will work best for your situation.