Tag Archives: What is Collaborative Divorce

What is Collaborative Divorce? The Video

What is Collaborative Divorce?

We spend a lot of time trying to explain collaborative divorce on the WolfBridge Financial blog and our new video follows that pattern.

WolfBridge CEO, Michael Kothakota, recently sat down to discuss in simple terms what collaborative divorce really is. In the video he specifically breaks down the difference between collaborative divorce and traditional divorce and explains the role of a financial neutral in the collaborative divorce process.

For additional free collaborative divorce information, check out the links below:

More Free Information on Collaborative Divorce Process:
–> Interdisciplinary Collaborative Divorce: A Process for Effective Dispute Resolution
–> Podcast: The Differences Between Traditional & Collaborative Divorce
–> Collaborative Divorce in Simple Terms
–> Who is Involved in the Collaborative Divorce Process
–> Financial Benefits of Collaborative Divorce
–> Podcast: Choosing Collaborative Divorce

Podcast: Choosing Collaborative Divorce

WolfBridge Financial podcast

As mentioned in previous posts, the WolfBridge Financial team works with groups like Separating Together and the North Carolina Association of Collaborative Divorce Professionals (NCACDP) to promote the Collaborative Divorce process.

In a new podcast from WolfBridge Financial CEO, Michael Kothakota, we cover the process of choosing Collaborative Divorce. This podcast could be extremely helpful if you are in the midst of a divorce and are unsure as to what you should do. It explains whether or not you may be right for collaborative divorce and how you can get the process started. A full list of the questions asked can be found below.

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1. Who is right for collaborative divorce?
2. What if you don’t think your spouse will be cordial in the collaborative meetings?
3. How can I get the Collaborative Divorce Process Started?
4. What questions should I ask collaborative divorce professionals before choosing one?
5. I know the collaborative process puts a great deal of emphasis on making sure the kids aren’t forgotten. Can you explain how they are involved in the process?
6. What if I have additional questions about the collaborative divorce process?

Additional Free Information on Collaborative Divorce Process:

–> Podcast: The Differences Between Traditional & Collaborative Divorce
–> What is Collaborative Divorce
–> Who is Involved in the Collaborative Divorce Process
–> Financial Benefits of Collaborative Divorce

The Financial Benefits of Collaborative Divorce

A typical divorce is a long, costly process – both emotionally and financially. Once in the court system, a divorce case can often take at least 18 months (or longer) to resolve. Attorney and court fees can pile up in a hurry during this time period. Because of this, family law practitioners & their clients are increasingly turning towards the collaborative divorce process to save time, money and to create better outcomes for both spouses.

Let’s take a look at just one of the benefits today though. How does the collaborative divorce process save me money?

The financial benefits of collaborative divorce include:

• Major reductions in court costs/fees (no trial).
• Reductions in lawyer fees associated with going to court (hearings, discovery, appearances, etc.).
• Fixed overall costs that can help with long term budgeting

Removing a trial from the divorce process also removes a host of court fees and other costs that come from having to always be in court, like additional child care, time off from work, etc. The collaborative divorce process is more flexible than traditional divorces and allows both parties to work on their own schedule. No need to take vacation days to complete the divorce or to find someone to watch your children while you’re spending two days with your attorneys. A flexible schedule allows both parties to save money.

You’re also saving money on the lawyer fees side. Since collaborative divorces are completed much quicker than traditional divorces (on average about 18 weeks), you save money with a much shorter overall process.

One thing you do need to understand is that a collaborative divorce CAN cost more than a traditional divorce – it just isn’t likely. A collaborative divorce can be counted on to cost between $16,000 and $18,000 no matter what happens. Because the cost is fixed, it is much easier to budget now and for the future.

A traditional divorce may only cost a few thousand dollars if you are extremely lucky, but typically costs will escalate anywhere between $20,000 and $50,000. Traditional divorces can even cost much more than that depending on how bad things get in proceedings.

Any divorce is going to cost money, but not all divorce processes are created equal. Collaborative divorces are an increasingly popular alternative to a traditional divorce and end up saving time, money and reducing stress on the spouses and family.

Find out more details on the Collaborative Divorce Process at the following links:

–> Podcast: The Differences Between Traditional & Collaborative Divorce
–> What is Collaborative Divorce
–> Who is Involved in the Collaborative Divorce Process

Podcast: The Differences Between Traditional & Collaborative Divorce

WolfBridge Financial podcast

Divorce is a tough thing for anyone to go through. There are other ways to go through the divorce process, however, than the typical court battle most folks see on TV and in movies.

At WolfBridge Financial, we work with groups like Separating Together and the North Carolina Association of Collaborative Divorce Professionals (NCACDP) to promote the Collaborative Divorce process.

What is the collaborative divorce process? We answered that question a few weeks ago on this very blog. You can find it HERE.

In the Podcast below we want to dig deeper into the specific differences between Collaborative Divorce and Traditional Divorce. WolfBridge CEO, Michael Kothakota, answers some important questions that help differentiate the two processes and hopefully make your decision easier when choosing which route to take.

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1. What are the most basic differences in the two divorce processes?
2. Can you elaborate on the full disclosure clause?
3. How is the negotiation process different in collaborative divorces?
4. What are the different steps in the collaborative divorce negotiation process?
5. Why is the agreement made in collaborative divorce between ex-spouses considered durable?
6. How long are meetings in the collaborative process?