The dissolution of marriage and conflict seem to go hand in hand, especially when significant assets are involved. While this may be true, not every couple that is going through a high asset divorce wants to fight things out in front of a judge. For divorcing couples in Pennsylvania who feel this way, collaborative law may be the answer in terms of settling things amicably.
When a couple chooses a collaborative divorce, it means that each party is ready and willing to negotiate the settlement terms with the assistance of legal counsel. Going this route can save time and money in the long run. It also a way to keep the terms of the divorce private.
Before negotiations begin, each party will sign a no litigation agreement — meaning they intend to resolve things without going to court. After this, each spouse will meet with a separate attorney in order to discuss the terms hoped for and the areas where compromise may be possible. Finally, after the initial meeting with an attorney, negotiation sessions will be scheduled so the work can begin.
It does not matter what one’s economic status is or how complex marital assets are, collaborative law can work for any divorcing couple who are ready and willing to talk things through and negotiate fair terms. In a high asset divorce case this may take some time, but a settlement may still be reached in less time than if the case was to go to court. How long it takes really depends on the couple. An experienced family law attorney can provide more information about this topic and can help those in Pennsylvania who are looking for a better way to dissolve their marriages find a course of action that best fits their needs.
Source: FindLaw, “How Collaborative Divorce Works: FAQs“, Accessed on June 28, 2017