Smart Money shows how making joint decisions can cost less and feel better.
Aleksandra Todorova writes (excerpt):
The goal of collaborative divorce is to avoid that. “In a collaborative divorce, the decisions have to be made by the couple,” Stoner says. The two sides and their attorneys meet together and talk until they reach an agreement everyone deems fair. They agree to provide all information — such as financial records — voluntarily, rather than having their lawyers gather evidence. As a result, collaborative divorce can be significantly less expensive, Stoner says. Costs vary depending on the case, but while a typical litigated divorce could run as high as $150,000, collaborative would be closer to the $15,000 to $20,000 range, according to the International Academy of Collaborative Professionals (IACP).