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The Collaborative Process for a High Net Worth Divorce in Lake Mary, Florida or Orlando, Florida Area

Why is the Collaborative Process the way to go if you have a High Net Worth Divorce in the Orlando, Florida or Lake Mary, Florida area? 

If you are about to go through a divorce of substantial net worth, you should seriously consider the collaborative divorce process. The Collaborative Process can benefit a high net worth divorce because there is a financial neutral as part of the Collaborative Team. Each party does not need their own forensic accountant on the case. The financial neutral does all the work. He or she prepares a net worth chart for the participants. Only if the participants are challenging the financial neutral’s work would they need to engage their own financial expert. The participants each save money because they only have one financial expert to pay from their assets. 

The collaborative process is cordial and expeditious compared to the litigation process. Further, on a high net worth divorce, you could save yourself thousands of dollars on attorney’s fees. Most people would rather spend their funds on something other than 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. 

Another reason to proceed through 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 and 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.