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Collaborative divorces can save both parties money

In every Texas divorce case, it is up to the individuals involved to decide what route to take during proceedings. Many couples benefit from a traditional divorce process, while many may already agree on important issues and thus seek an uncontested divorce. However, divorcing couples frequently need guidance on how to divorce as amicably as possible while tackling topics such as child support, spousal support, and property division.

The option of collaborative law is often an attractive one for these couples, but the benefits reach beyond the ability to avoid court. A collaborative divorce is also one that can save couples money in the midst of a still-uncertain economy. In litigated divorces, it is often up to a judge to make the final binding outcomes regarding visitation, child support payments, and asset division. However, when collaborative law is used, court costs can be cut since couples are not taking up a judge's time.

During a collaborative law session, spouses and their lawyers work in private to resolve divorce-related issues. Importantly, the focus is on crafting outcomes that benefit the entire family: the husband and wife, of course, but also any children or other dependents. Even the family pet can be discussed during collaborative law. Since the attorneys have experience forming win-win solutions, less overall time is spent on pricey litigation. Moreover, since both parties must agree on the final decisions, less money is spent on going back to court afterwards.

Thankfully, there are additional things couples can do to save money during a divorce. They can take the time to research the most appropriate attorney, they can close joint credit accounts, and they can form a personal budget to monitor where their money is going. Finally, they can also review the amounts their spouse reports as income to ensure accuracy. Considering collaborative law is also a potential money saver, as it can help curtail both court costs and the costs of delayed disagreement.

Source: TheStreet.com, "5 ways to save money during a divorce," David Bakke, March 6, 2013

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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