Collaborative Divorce Accounting
Divorce is a difficult time in any person’s life. In addition to the emotional stress of ending a marriage is the added strain of filing paperwork, separating assets and paying sometimes hefty legal fees. With divorce becoming a more regular occurrence, it’s no surprise that there is a rallying cry for a better way to handle divorce proceedings: and thus the concept of collaborative divorce was born.
Collaborative law was developed in the United States in 1990 by Stuart Webb. The goal is for both spouses and their collaboratively trained attorneys to focus all efforts on civilly dissolving the marriage and dividing assets with no intention of going to court. With the help of a collaboratively trained interdisciplinary team including child specialists, divorce coaches and/ or a financial neutrals, divorcing couples will work together to negotiate the best outcome for both parties. Although this process will not work where there is abuse, an imbalance of power or unwillingness, the collaborative method has been found to be highly successful with minimizing stress, preserving assets and upholding the family’s integrity. An additional advantage is that post divorce issues are minimal since the couple has not only negotiated the final settlement, but has learned how to work together. Collaborative law results in a Win-Win for both spouses.
You might wonder why a Certified Divorce Financial Analyst is involved in divorce proceedings. For starters, we are professionally trained and play an essential role in the discovery process, assembling all of the relevant financial data, and providing our client with the full financial picture. It is also beneficial for a financial professional to provide guidance on the tax effects associated with property division, retirement planning, and child support and cash flow outcome.
Once involved, we guide you throughout the process from a financial perspective, remaining in constant contact with your attorneys to see that the process goes as smoothly as possible. We understand that knowledge empowers you to make better decisions and provide you with all of the analysis you need to make the best choices for you and your family.
If both parties are willing to collaborate, it is relatively simple to find a collaborative divorce lawyer and begin the process. As a member of the Bucks County Collaborative Law Group, I suggest you go to their website for more information. Additionally, if you, or is someone you know are interested in our collaborative divorce accounting expertise call us today at 215-277-1191 for more information on how we can save you time and money in the divorce process.