Many people concern themselves about the costs associated with divorce. However, people are more likely to pay attention to costs related to child support, alimony or property division.
Unfortunately, the expenses of divorce can expand much beyond this. For instance, it is not unusual for the divorce process itself to cost thousands of dollars. According to Forbes Magazine, one of the best ways to save money on your divorce is to opt for a collaborative divorce.
What is a collaborative divorce?
The most expensive divorces tend to be trial divorces. This is because if you take your divorce to trial, you will often need multiple lawyers, paralegals, judges and legal aides to get through the process. The more professionals involved with your divorce, the more expensive the divorce will become.
A collaborative divorce greatly lessens the amount of personnel involved with the process. In a typical collaborative divorce, each party will have their own lawyer. Instead of going to court, you will discuss the terms of the divorce across a conference table. This often results in a less expensive and much faster divorce process.
Are there any negatives?
In order for collaboration to work, both parties have to be willing to collaborate. If you and your ex-spouse cannot be in the same room without an argument, it is unlikely that collaboration will prove fruitful.
Collaboration is a good option for those who want to get through divorce quickly and have a more active hand in the results. If you and your ex-spouse can agree on working together to create a comprehensive divorce resolution, collaborative divorce may be a good option.