If you are about to go through a divorce of substantial net worth in the Orlando, Florida or Lake Mary, Florida area, you should seriously consider the collaborative divorce process. Read on to understand why.
How the Collaborative Process Works
The Collaborative Process can be beneficial for a high net worth divorce for many reasons. For one, there is a financial neutral as part of the Collaborative Team. Because of this, each party does not need their own forensic accountant on the case. The financial neutral does all of the work for both parties, which includes preparing a net worth chart for the participants. Participants would only need to engage their own financial expert if they are challenging the financial neutral’s work. Each party saves money with only one financial expert involved.
Understanding the Benefits of Collaborative Divorce
The collaborative process is cordial and expeditious compared to the litigation process. Without lengthy litigation, parties can save thousands of dollars on attorney’s fees. Most people would rather spend their funds on something other than on an attorney. If one spouse is not as financially savvy as the other spouse, the financial neutral can help that spouse by explaining the finances to that participant. Further, they can refer that participant to a financial planner who will assist them in preparing and planning for how best to invest the assets they will receive in the collaborative divorce process.
The Collaborative Process Keeps Things Confidential
Another benefit of the collaborative process is that your financial information can remain confidential. Whereas in litigation, your financial information is in the court file. If you are a private person, you do not want your financial information in the public record, and you want your finances to remain confidential, the collaborative process is the way to proceed with your divorce case.
If you have more questions regarding a Marital and Family Law matter, you may call Ann Marie Giordano Gilden at Ann Marie Giordano Gilden, P.A. on 407-732-7620 and arrange an initial consultation. You may also visit my website at: https://www.annmariegildenlaw.com
This article is for informational purposes only and does not form an attorney client privilege.