If your marriage has fallen apart and you have decided that you have no
choice but to file for divorce, it’s important that you start preparing
yourself mentally and financially for this life transition.
When people are at the brink of
divorce, often their emotions have reached a boiling point, and they may not be
thinking as clearly as usual. Even when the divorce is for the best, sometimes
a spouse’s ability to make sound financial decisions are clouded
by strong emotions.
As divorce attorneys, we know that it can be hard for people to make rational
decisions when they’re going through perhaps the most stressful
experience of their lives, but they need to do their best to make that happen.
Most couples have the option: They can have an adversarial, contested divorce
or they can decide to set aside their differences and have a collaborative,
non-contested divorce. No one wants a divorce like Alec Baldwin and Kim
Basinger’s, which dragged out for six years.
Why Collaboration is Better
While a couple
may feel that a bitter divorce is their only recourse, they should seriously
consider collaborating in a non-adversarial setting to reach a settlement
that both are satisfied with.
No matter what went wrong in a couple’s marriage, or why it ended,
a divorce is more productive when the parties have sensible heads and
agree that it’s best for them to not punish each other, but instead
to preserve as much of the marital assets as possible.
With this mindset, the spouses are open to more rational approaches, such
as a collaborative divorce vs. a contested one. With a collaborative divorce,
the parties benefit because:
- The spouses agree on procedures that will expedite the divorce and minimize costs.
- The spouses reach a settlement that is satisfactory to both parties.
- The couple creates a process for handling post-divorce issues.
With a collaborative divorce, you and your spouse negotiate back and forth
until you reach an acceptable divorce settlement; this process is accomplished
through the guidance and support of professionals, such as your attorneys,
accountants and financial advisors.
With all of the stress of divorce during this transitional period, the
best way to begin your new life is to have a collaborative divorce, so
you can begin the next chapter with more money in your pocket.
Contact a Los Angeles divorce lawyer at Claery & Hammond, LLPtoday.