When you are considering a divorce, you may be hesitant because of the many financial implications that can occur as a result. However, you may be pleased to discover there are ways to protect your finances while transitioning into the next chapter of your life. A collaborative divorce is something that many consider an option as it can help avoid a lengthy and draining court battle. Keep reading to learn more about this process and discover how a Hackensack, New Jersey divorce lawyer can help you navigate the dissolution of your marriage.
What Is a Collaborative Divorce?
A collaborative divorce is what the name suggests – both parties work together to resolve issues they may face and negotiate the terms of their divorce together. This helps make the process go more smoothly, as they can avoid a lengthy court battle. Unfortunately, when a couple is ending their marriage, they often spend time in court, which can rack up court fees and time away from work.
Instead, collaborative divorce often utilizes a neutral third-party mediator to help the couple negotiate the terms of their divorce. They may discuss things like child custody, alimony, and the division of marital debt.
How Can It Help Me Protect My Finances?
One thing many may not consider when getting a divorce is how emotionally draining a divorce can be. Unfortunately, in hopes to speed the process up, you may just agree to whatever terms your spouse proposes. However, this is often a bad idea, as you may end up with significantly less than you deserve.
Collaborative divorce gives you more control over your finances, as opposed to letting a judge determine the outcome for you. You have a better chance to negotiate what you want during the process, allowing you to make the best decision for you and your spouse.
Do I Still Need a New Jersey Attorney to Help Me?
If you are going through a divorce, even a collaborative one, you should still retain the guidance of an experienced attorney. Unfortunately, many people believe because the divorce process is amicable, they do not need legal advice. However, an attorney can help ensure you are heard and receive fair assets during the process. New Jersey is an equitable distribution state, meaning the assets you receive during a divorce determined by a judge will be based on each spouse’s contribution to the marriage. Instead, negotiating is a great way to help both parties retain the assets they want.
Hiring an attorney is a great way to save money. Though it may seem counterintuitive, as attorneys are not free to retain, without the help of a legal professional, you can lose more assets and money in the long run.
When you need help, HD Family Law can help. Our experienced legal team is ready to guide you through the divorce process to fight for the best possible outcome. Contact us today to learn more about how we can help you start the next chapter of your life.
