Privacy and Control are the primary benefits of choosing the collaborative divorce option. For many divorcing couples having the dirty laundry aired in public, in a courtroom, where it is all a matter of public record is a painful concept. There is a sense of a loss of control for many couples during their divorce. The difference in collaborative divorce is that the approach starts with the understanding that this is your life and you are in control of your divorce.
The Collaborative Divorce process begins with the parties agreeing to not go to court and to negotiate the terms of the divorce through a series of meetings. These meetings are confidential and will never be a part of the public record about the divorce. The meetings are set with your schedule in mind, not the courts. You are in control.
The privacy and confidentiality that come from the collaborative divorce process assure that the family assets and liabilities remain private. For some this means that the family income isn’t made public, for others the issue may be the debt and liabilities that are looming over the estate. Which if made public could be embarrassing. This kind of information is limited to the parties, the attorneys and the neutral professionals that are brought in to assist in navigating through the issues.
One of those neutrals is a financial professional (FP), often a specially trained CPA or Certified Financial planner. The FP in a case helps both sides to clearly understand the assets, options for how to divide those assets, and how to handle any liabilities. The FP will help the divorcing couple to develop a plan for how they will each more forward financially after the divorce. But it is important to know that the FP will not tell the couple what to do. The FP will develop options and the couple will ultimately decide.
Divorce doesn’t have to be a public spectacle. Throughout the collaborative divorce process the parties to the divorce are in control. Decisions will be made that address the best interests of the both sides. In the end the divorce settlement is a document that the divorcing spouses have crafted. It is a settlement that is unique to that divorce. It is also a settlement that is reached without the need for a judge or jury examining every aspect of the parties lives. It is a process that is private and controlled by the couple with the help of the collaborative professionals.