For most people, the divorce process is emotionally draining and mentally exhausting. Many people describe it as a time of being frozen, numb, or moving in slow motions. Despite that emotional and mental trauma, you will be expected to go through your finances with a fine-tooth comb to ensure that your settlement agreement is fair and equitable. With divorce brain, that’s easier said than done! Even if you feel like you are clear headed, here are a few of the most common money mistakes to … [Read more...]
Divorce and Money – Covering All The Bases
I have been providing business valuations, characterization analysis and financial services for divorcing couples for over thirty years in Central Texas. I often tell clients considering a divorce that I believe the Collaborative process is the better of the bad, when compared to going through the challenges of a litigated divorce. There are many benefits for couples working toward their new normal when using the Collaborative divorce process. The first part on the Collaborative divorce … [Read more...]
What Does “Collaborative” Mean?
The term ‘collaborative divorce’ can sound like an oxymoron- words that just don’t go together. Many people assume that divorce has to be contentious and adversarial, so the word ‘collaborative’ doesn’t seem to be realistic. How can a process that involves pain, grief, anger, fear, and so many other emotions ever be called ‘collaborative’? Collaborative divorce is a legal process that has evolved over several decades influenced by professionals (including judges, attorneys, mental health … [Read more...]
Collaborative Divorce: Preserving Relationships Post-Divorce
I recently lost a family member to cancer. Some people might not think of us as family, because he was my ex-husband. But because we divorced collaboratively, we were able to remain family from the very beginning of the divorce process up until I held his hand on his deathbed. As hard as it has been watching my children lose their dad, it has also been reassuring knowing that our sons felt loved, nurtured, and cared for, by both of us. That is because we made the decision to be the best co … [Read more...]
Divorce and Rising Interest Rates
Divorce already takes an emotional, mental, and financial toll on the family. The current real estate market has added to that with increasing interest rates, declining house prices and diminishing values in certain asset accounts Nationwide, there’s a shortage of available houses – especially at lower price points – compared to the number of would-be homebuyers. For a while, there was tons of talk of offers being made above asking, inspections being waived, no contingencies, bidding wars, … [Read more...]
For Divorce with Special Needs Children – Collaborative Divorce is the Better Option
April is “Autism Acceptance Month.” Prior to 2021, this acknowledgement was called “Autism Awareness Month,” but as we have begun to learn more about autism and what it means to be “on the spectrum” of autism, we have learned that being on that spectrum is like a rainbow–there are many variations of abilities and inabilities, challenges and yet special gifts that people on the spectrum bring to our world and the families in which they live. One Texas Rehabilitation … [Read more...]
The Wisters and the Role of a Financial Professional in their Collaborative Divorce
This fictional profile gives insight to the role that a Financial Advisor plays as a neutral in the Collaborative Divorce process. The Collaborative Divorce process is an alternative process to a traditional courtroom divorce. The process involves the divorcing parties, their legal representatives, a Mental Health Professional and a Financial Professional. The Mental Health and Financial Professionals are neutrals in the process – neither specifically associated with either of … [Read more...]
Advantages of the Collaborative Divorce Team
Having a team is an amazing benefit of the Collaborative Divorce process. Both parties have access to a group of professionals who can help you learn how to advocate for yourself. That is a skill that you need to take with you post-divorce, which is extremely beneficial. Maybe you haven't advocated for yourself before or have not always felt comfortable challenging opinions and decisions in the past. Maybe you haven’t advocated for your children and just accepted what the other parent had … [Read more...]
How Does Collaborative Divorce Assure Good Divorce Decisions?
The adversarial justice system ensures that the accused can push back, and fight allegations brought by the state. But that system rarely produces an equitable result when families go through a divorce. In many instances, one or both spouses find themselves in difficult post-divorce financial circumstances. Strained budgets typically lead to selling a family home and displacing children from school systems, friends, and the community they’ve grown to appreciate. That’s why an increased number … [Read more...]
COVID-19 Only Re-Enforces Wisdom of Collaborative Divorce – Part 4
Trying to get court settings for hearings in family law cases is a difficult proposition in normal times. Final trial dates are often available no less than 8 months, and up to 18 months, into the future, with the possibility of a continuance. And that was before the Courts closed to non-essential matters and all trials because of COVID-19. All cases set during the closure are now in need of reset and will have priority over newer cases. All hearings needed in pending cases but deemed … [Read more...]
