Once you and your spouse have made the decision to separate or pursue a divorce, you must consider what type of divorce proceedings you want to move forward with. Many couples are in search of an alternative to going to court, and letting a judge weigh in on their outcomes. For many, a collaborative divorce is the best alternative.
What Is A Collaborative Divorce?
Sometimes referred to as collaborative family law, a collaborative divorce is a formal legal process, that both parties agree to as an alternative to litigation. A participation agreement must be signed by both parties, which also disqualifies their respective lawyers from representing either party in future family law.
While a divorce attorney is required to negotiate the terms of custody, child care, finances, and post-divorce decisions—many couples work with a team of specialists to guide and advise on the potential outcomes.
Who Is Part Of Your Collaborative Divorce Team?
Your collaborative divorce team is made up of any combination of the following:
A Family Law Attorney—who identifies the objectives and goals of the collaboration, facilities settlement discussions, and prepares and files all documents required by the Court.
Divorce Coach—although an agreement to avoid litigation has been made, with emotions high, conflict resolution is often required. A licensed mental health professional who specializes in divorce, can help to improve communication, and develop post-divorce co-parenting skills.
Child Specialist—a child specialist is an impartial member of the team, whose primary goal is to provide your children with the emotional support they require. They help your kids express their feelings and concerns, and also help to establish best practices for your transition to co-parenting.
Certified Divorce Financial Analyst® —a CDFA® practitioner’s role is to assist in gathering and organizing the essential documents related to income, expenses, assets, and debt. Their goal is to help in planning and budgeting, and to educate their clients on how various settlement decisions will affect their short-term and long-term economic security.
A collaborative divorce will still come with the same emotional stressors of divorce, but removes the stress of going to court. The goal is to open the lines of communication, accelerate the process, and make decisions that are mutually beneficial for the entire family.
Looking For A Certified Divorce Financial Analyst® Practitioner?
If you live in the Bethesda and Annapolis, Maryland; Washington DC and Northern Virginia. area, and need a CDFA® practitioner—Linden Oak Wealth Partners is here to assist. Founder and Principal Wendy Moyers is a CDFA® practitioner, dedicated to assisting women make informed financial decisions in all times of transition.
She will work with you and your spouse, to achieve a fair and mutually respectful financial decisions.
Linden Oak Wealth Partners offers fee-only financial advising customized for women, in particular, women in transition. Our goal is to create an environment where financial planning is efficient, simplified and easy to understand. We want clients to feel empowered and engaged every step of the way. Please contact us to schedule an initial consultation today.
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