Every year in the United States, there are thousands of people who end their marriages through a divorce. Many people do not give much thought to the financial repercussions of divorce, despite the widespread perception that such splits come at a high price in terms of the amount of emotional energy expended.
The fact of the matter is that getting a divorce can, in certain instances, end up costing tens of thousands of dollars. It is essential that you are familiar with the choices available to you if you would like to reduce the amount of money you spend on the procedure. The decision to get a divorce with a mutual agreement can, in accordance with an article published in Forbes magazine, result in significant cost savings.
It is advisable to consult with an experienced Delaware divorce attorney if you need specific answers about your legal options.
Why does getting a divorce through collaboration result in financial savings?
A divorce that is decided through the court system is the most expensive type. When a couple is going through the trial phase of their divorce, there are typically many people involved from the legal system. The cost of the divorce will increase proportionately with the number of legal personnel involved in the process. The number of attorneys and financial advisors needed in a collaborative divorce is significantly lower.
Both parties will have their own attorney during the divorce proceedings in a collaborative divorce; however, rather than taking place in a courtroom, the divorce is conducted around a conference table. The parties and their respective attorneys work together to decide all aspects of the divorce, including the distribution of assets, the amount of alimony to be paid, and who will be responsible for child support and child custody.
What are the disadvantages of getting a divorce through collaboration?
Both sides must be willing to make concessions in order for the divorce to be conducted collaboratively. It is quite unlikely that you will be able to utilize the collaborative divorce process if you and your ex-spouse are unable to coexist in the same physical space. Because it is in the nature of a compromise for both parties to walk away from the table feeling a little bit dissatisfied, if either you or your ex-spouse wants to “obtain all that you can,” then you will probably need to go through with a trial divorce.