How to Navigate a Cooperative High-Asset Divorce

When it’s time to dissolve your marriage, it doesn’t have to mean an inevitable, nasty battle between you and your spouse. Your divorce can be civil if you both are willing. Things can get complicated when there are high assets involved, but it is still possible to have a cooperative divorce.

A cooperative divorce is different than mediation or collaboration. Mediation is when a single third-party works neutrally to help you two come to an agreement. With collaboration, each of you is represented by a lawyer trained in collaborative law,and you all agree to respectfully reach a settlement outside of court. Cooperative law is similar to collaboration except that your lawyers need not have special training in collaborative law and litigation is not prohibited.

High-asset divorces are those that involve the following:

• real estate
• business ownerships
• retirement plans
• investments
• inheritances
• other large financial gains

The first step to navigating such a divorce is for both of you to fully disclose all your assets. It is imperative that you are honest and not hide anything. Employ third-party experts to appraise the assets.

You will also need the assistance of certified divorce financial analysts. They will handle and advise you in monetary matters that lie outside the expertise of your lawyers. They will tell you the long-term financial implications of your marital dissolution and help you create a budget for your future.

Deciding to have a cooperative divorce will shorten the length of the process and thus save you money. It will also lead to better financial and emotional outcomes for both of you. To learn more about a high asset divorce lawyer in Rancho Bernardo, visit this website.