Is Collaborative Divorce Cheaper?
Collaborative divorce may be a less expensive divorce option over traditional court litigation, however there are varying factors that need to be considered. Choosing this divorce option is a popular alternative to a traditional divorce for many couples, as more and more couples are willing to work together to create lasting solutions for their family’s future. But because the collaborative approach focuses on working together, you can avoid the emotional and financial costs of a messy litigation.
It is important to remember that the cost of divorce extends beyond just the financial aspects, and includes the emotional cost and time lost that every divorce process naturally produces. This is especially true if you have children involved. Making important decisions for your family’s future can take time to sort out, and should not be rushed in order to save money. In this instance, the best thing to do is to take your time and make sure that you and your spouse are comfortable with the decisions surrounding your family’s future and can be at peace that you both have your family’s best interest at heart.
In terms of financial cost, collaborative divorce can be significantly less expensive than a traditional court litigation. Because no two couples and their needs are alike, the exact cost of collaborative divorce will vary from couple to couple and depend largely upon their needs. Each professional on the collaborative team will set his/her own fees, and hourly rates and advance retainers or deposits will vary based on the professional you choose. However, each collaborative team includes a financial neutral to gather all pertinent financial information, which automatically cuts down on the overall cost. A financial neutral’s rates are lower than a collaborative divorce attorney fee to gather the same information. In addition, the collaborative professional team includes a divorce coach, who supports and guides healthy and respectful conversations during the process. When there are children, the divorce coach assists in the creation of a parenting plan.
One thing to remember when determining if collaborative is right for you and your family’s expenses, is that the overall cost can largely be dependent upon the number of people involved in your collaborative team, and if, as spouses, you are not able or willing to cooperate and work together in the process. The alternative of a traditional divorce is often adversarial, overwhelming, intimidating and confusing. It can also be very expensive with two litigation attorneys.
Because your family shapes your life like no other relationship, the health, well-being and success of you and your family is of utmost importance. I know that divorce can be hard, but it does not need to be a fight or cost you more money than it needs to. If you are in Overland Park, KS or live in Platte or Clay County, MO and are willing to work together with your spouse to create the best possible solutions for your family’s future, I can help support you through the collaborative divorce process. Please contact me, Elizabeth Hill, to schedule a consultation, or feel free to call me at (913) 381-1500 with any questions you have regarding your divorce options.