Uncategorized

Why Would You Want to Attend a Divorce Options Workshop?

Divorce is very hard – it’s hard when you’re the one who wants it; it’s hard when you’re the one who doesn’t want it. It’s hard when your kids are little; it’s hard when your kids are big. And it’s hard when times are good – but it’s particularly hard in times of economic uncertainty.

Thinking about divorce means taking a hard look at economic reality. Do we have enough resources to set up and maintain two households? How do we figure out support if one of us is unemployed? Do we sell the house now or wait until things get better? Can we afford to keep it?

Figuring out how to make good financial decisions in economically uncertain times is tough. It’s even harder when you’re being asked to make these decisions at a time when your decision-making ability is likely to be most impaired. Research tells us that just about every separation involves emotional turmoil, family upheaval and feelings of loss. Common sense tells us that we tend to make bad decisions when we feel overwhelmed. As if that weren’t enough, add powerlessness and a dysfunctional court system into the mix. Divorce proceedings can make you feel powerless because the legal system operates according to rules and principles that you may know nothing about; that you may not agree with or think are fair; and that you may not be able to do anything about. Massive budget cuts to our court system means that it can take years for the court to process your case.

Don’t know where to turn? Just say KNOW. By learning about divorce and the different process options available you can maximize your ability to make good decisions during the difficult […]

facebooktwittergoogle_pluspinterestlinkedin
By |December 15th, 2015|Uncategorized|0 Comments|

Complicated and confusing financial concepts in plain English

The financial specialist in a Collaborative divorce process is often referred to as a “financial neutral” because of our impartiality with respect to both you and your spouse. We financial neutrals are an integral member of the Collaborative team. We are not advocates for either of you and we may not be engaged by either of you in any subsequent litigation. Collaborative professionals have found that this restriction promotes the free flow of information among all parties. There are no dueling experts in this process as there often is in litigation. Our primary role as the financial neutral is to educate everyone within the Collaborative divorce process about the financial implications of the divorce. As part of this process, we also help you and your spouse clarify and articulate your financial needs, interests and preferences which form the foundation for all subsequent financial conversations in the Collaborative 6-way meetings where your final agreements are forged.

A qualified Collaborative financial neutral will have significant mediation training and experience as well as training and experience as the financial neutral in the Collaborative divorce process. In practice, financial neutrals tend to be either Certified Public Accountants with business valuation and forensic accounting experience or Certified Financial Planners with special training as Certified Divorce Financial Analysts. Each type of financial neutral offers a distinct skillset which you and your spouse should compare against the complexities of your marital estate. It is helpful to the Collaborative process if, in addition to financial expertise, your financial neutral has a strong background in mediation. A mediator’s skillset resonates well with the Collaborative divorce process and includes active listening skills, questioning and clarifying skills, emotional intelligence so as to truly understand underlying emotions, […]

facebooktwittergoogle_pluspinterestlinkedin
By |December 15th, 2015|Uncategorized|0 Comments|