How Can a Collaborative Divorce Help Protect My Finances?

Filing divorce papers

Divorce signifies a new chapter in a person’s life. Unfortunately for many couples, divorce is a highly-contentious matter that often results in a couple splitting up their assets (typically not in a 50-50 manner). However, for some couples, there are alternatives available. One of those alternatives is collaborative divorce. Please continue reading and reach out to a seasoned Mansfield collaborative divorce lawyer from the Law Offices of Cynthia L. Hanley to learn more about how collaborative divorce can potentially help protect your finances and how our legal team can guide you through each phase of the process ahead. Here are some of the questions you may have:

What exactly is a collaborative divorce?

Essentially, a collaborative divorce involves several parties. This will include you, your spouse, your lawyers, and other experts. The goal of a collaborative divorce is to help a couple reach a compromise in the form of a divorce agreement that suits them both without them having to litigate the matter in a courtroom setting. Some of the experts that may be involved in a collaborative divorce include the following:

  • Financial Analysts
  • Mental Health Professionals
  • Tax Accountants
  • Real Estate Professionals
  • Business Valuators
  • Insurance Brokers

How can a collaborative divorce protect my finances in a divorce?

A collaborative divorce can potentially protect your finances in a variety of ways. To start, a collaborative divorce will help facilitate open and honest communication between you, your spouse, and other experts. Presumably, this should, by extension, reduce the risk of one spouse hiding assets from the other. Additionally, when spouses agree to go about their divorce collaboratively, it means they’re more open to reaching a fair and just agreement in terms of being willing to compromise with one another.

Further, as previously stated, a collaborative divorce frequently involves financial experts, who inherently can help you sort out a wide range of complex financial issues. Finally, a collaborative divorce is typically less expensive than other litigated divorces, since there is less court time required.

If you believe a collaborative divorce is right for you, and you need a competent attorney in your corner, look no further than the Law Offices of Cynthia L. Hanley. We are here to fight for you and work towards the best outcome possible on your behalf. Contact our firm today to schedule your initial consultation so we can get started working on your case.