Unfortunately, when a couple goes through the divorce process, emotions run high and are often the driving force for running up the costs. Traditional litigation is notorious for taking a long time and being quite expensive. A Collaborative Divorce is less stressful and less costly. Costs of Traditional Litigation In traditional litigation, each spouse has their own private attorney. … [Read more...] about Why Does Divorce Cost So Much?
Going through a divorce can play havoc with your finances. Generally, the same amount of money that supported one household must now be divided to support two of them. This often means, at least for a time, each individual's net worth and household income will be reduced. If a couple can work together in a Collaborative Divorce process, you can establish new financial goals and create a … [Read more...] about Rebuilding Your Finances After a Divorce
One of the first things that a divorcing couple needs to do is gather your financial information. In the divorce process you will both need to have a complete picture of your financial situation before you can begin to work on a settlement agreement. In a Collaborative Divorce, this step is easier than in traditional litigation because you have the assistance of a neutral financial … [Read more...] about 4 Keys for Working with Your Divorce Financial Professional
A gray divorce is a euphemism for people getting divorced who are over the age of 50. The issues that need to be resolved are different in a gray divorce than in divorces between younger couples. Since there are generally no minor children, the main issue the couple faces is division of assets. Too often, one party may try to hide assets from the other. Financial Issues Facing Those … [Read more...] about Navigating Financial Issues in a Gray Divorce
In a traditional divorce, parents are often battling between themselves about how to take care of the children, both financially and emotionally, when the family is no longer living together in one household. One of our goals with our clients is to assist them with a post-divorce budget that is related to the children in ways that decreases the contention in a divorce and puts the focus on the … [Read more...] about Children, Divorce and Money