Perhaps you and your spouse have accumulated significant assets and you worry about the outcome of the divorce settlement.
Many couples with considerable wealth prefer the collaborative process as opposed to litigation. Could this be the right option for you?
Collaborative divorce in Florida
In the state of Florida, the Collaborative Law Process Act, or CLPA, went into effect in 2017. Collaborative divorce is a form of alternative dispute resolution. As compared with litigation, it is a private, less stressful process and one that is also easier on the children of the marriage.
Using a team approach, the parties work with their own attorneys who are specially trained in the collaborative divorce method. The group meets to negotiate a settlement agreement that is satisfactory to both parties. There is an ongoing exchange of pertinent documents, information, questions and opinions as the participants work on important points such as property distribution and child custody matters. Collaborative divorce allows for outside professionals such as financial planners, appraisers, accountants and childcare experts to assist when sticking points arise.
In addition to privacy, collaboration is usually a much faster process than litigation and therefore less costly. Open communication is essential, and once experienced, is an ability that divorcing parents carry over into the post-divorce era to aid in sustaining the new family framework. Couples of all economic backgrounds appreciate the advantages of this option. No situation is too complex for collaboration which, as opposed to a lengthy and often contentious court process, provides couples with control over their own divorce.