One of the more overlooked aspects of divorce is the cost. Of course, many people worry about child support payments and potential alimony payments, but divorce itself can be quite expensive on its own. In certain circumstances, the cost of the divorce itself may be tens of thousands of dollars.
The good news is that there are ways to cut back on this cost. According to Forbes Magazine, one of the best ways to save money during a divorce is to choose a collaborative divorce.
What is collaborative divorce?
If when you picture the word “divorce,” you picture a courtroom, you are thinking of a trial divorce. Trial divorces are the most expensive variety of divorce in most cases, since they often require multiple lawyers, legal aides, judges, and paralegals. The more people involved in your divorce, the more expensive the divorce is.
A collaborative divorce typically involves each party having their own lawyer, but involves no other legal personnel. Both parties meet across a conference table and negotiate the terms of the divorce. Collaborative divorces are often much faster, cheaper, and offer the participants more say in terms than trial divorces.
Should everybody get a collaborative divorce?
Unfortunately, no. If you and your ex-spouse cannot be in the same room together without an argument, it is unlikely collaborative divorce is a valid choice for you. The heart of collaborative divorce is collaboration. If one or both parties are hostile to each other, collaborative divorce attempts are often a waste of time.
Collaborative divorces are good for ex-couples who want to work together to ensure an amicable, fast divorce.