Ending a long-term marriage is almost never a simple or easy process. For spouses who have many assets or a high net-worth, dividing property and assets during a divorce can feel like an absolute nightmare. Although it can be challenging, cooperation is vital for spouses who desire a less contentious high asset divorce. Here are two helpful ways couples in Kansas can make a high asset divorce more amicable.
Collaborative divorce is a great option for spouses who want to avoid a court battle but still want to have lawyers help with negotiations. In a collaborative divorce, spouses and their attorneys agree to cooperate to reach agreements on issues in the divorce. However, if an agreement can’t be reached, the attorneys have to withdraw from representing the spouses, and the couple has to start the process all over. The looming possibility of restarting the process and incurring additional fees is often a good incentive for spouses to cooperate and reach a resolution.
Divorce mediation is a process where a neutral third party, known as a mediator, helps both spouses negotiate and reach an agreement. Mediators don’t make any decisions, but only suggest possible resolutions. Mediation is a great option for spouses who are willing to work together because it is usually much faster and less expensive than litigation. Mediation may also help with communication between couples.
Although there can be a lot at stake in a high-asset divorce, it does not mean spouses need to undergo a contentious court battle. Those in Kansas who have questions or concerns regarding a high-asset divorce may want to consider speaking with a knowledgeable lawyer. An attorney experienced in family law can provide much-needed guidance and protect individual rights throughout the process.