What Are the Financial Benefits of a Collaborative Divorce?

couple engaging in collaborative divorce

When a couple divorces, it isn’t uncommon for one or both parties to do everything possible to speed the process up. However, in this attempt to end the marriage as quickly as possible, one party may accept significantly less of the marital assets than they deserve. However, one way to avoid this is through a collaborative divorce with the help of a Los Angeles divorce attorney. Keep reading to learn more about why this process is ideal for many couples.

What Is a Collaborative Divorce?

When many think of divorcing spouses, they likely picture a couple who isn’t on speaking terms and doing everything they can to spite the other. However, this is not always the case! Many couples opt to engage in a collaborative divorce because of the benefits it can offer.

Collaborative divorces involve both parties working together to negotiate the terms of their divorce instead of relying on the courts to determine how they will split assets, who will receive alimony, and what the child custody arrangement will look like. This process can often involve mediation, allowing both parties to feel heard and represented by their wishes for the split.

How Can It Benefit My Finances?

Not only are collaborative divorces beneficial for a couple’s emotional well-being, as they can help you avoid a lengthy and contentious court battle, but they can also help your finances.

When you and your spouse divorce in California, the state follows community property laws when distributing your marital assets. This means both spouses will receive an even, 50/50 split of property, funds, debts, and other assets. In some instances, this may not be fair. However, working together with your spouse gives you greater control over the division of assets as opposed to a judge who only hears a few minutes from each side about your relationship.

Another massive benefit is that you won’t have to worry about paying unnecessary court fees to speak in front of a judge. This also allows you to save valuable time that could be spent working or focusing on other important events occurring in your life.

Do I Still Need a CA Divorce Attorney?

Even if you and your spouse are on amicable terms, ensuring you have an attorney to help guide you through the divorce process is essential to ensuring you receive the best possible terms for your divorce. Though choosing a collaborative divorce means you will likely have to yield certain assets, an attorney can help ensure you aren’t taken advantage of.

At the Zitser Family Law Group, our legal team will work tirelessly to help you through any issues you may face with your divorce. Contact us today to learn more about how we can help you navigate your collaborative divorce.

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