The Amicable Divorce
Courts in every state encourage separating couples to collaborate to resolve their disputes. This may be difficult in some circumstances but not impossible and can lead to a healthier split. There are two approaches to divorce that are non-litigious: Mediation and a newer technique known as Collaborative Divorce.
Mediation is where a 3rd party helps to resolve issues relating to custody terms, distribution of property, alimony, and other important matters. This can be done through an attorney but does not have to be, this person will act as a peacemaker and must be unbiased towards both parties.
On the same hand, there is Collaborative Divorce. Each spouse is represented by their respective collaborative divorce attorney. These attorneys will both mediate and negotiate for your terms without having to go to court and can take 3-4 months while a trial can take years. This process will include unbiased professionals such as Family Relations Specialists, or Financial Advisors like ourselves to identify issues and solutions. The cost of Collaborative Divorce in most cases is substantially less in attorney fees.
Our team is represented by Mitchell Lamchick, a CERTIFIED FINANCIAL PLANNER™ Professional, and Michael Epstein AAMS®, J.D., LL.M., a Financial Advisor, and former Attorney with years of experience working with divorcees and setting them up with a path toward financial peace. We are experienced in all forms of post-divorce planning, such as budgets, housing, improving credit, tax minimization, estate planning, and of course investments. Please reach out to us if this is something you and your attorney have discussed.
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* Any opinions are those of the author and not necessarily those of Raymond James. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
