How can you protect your interests in a collaborative divorce?

Collaborative divorce has several benefits over a traditional divorce. It is a faster way of settling a divorce that gives you more control over your family affairs while protecting your privacy. 

If you have chosen to take this less adversarial approach to settle your divorce, it’s a step in the right direction. However, just because you are working with your spouse towards a mutually beneficial agreement does not mean you should let your guard down. Here are five tips on protecting your interests in a collaborative divorce:

1. Do not fly blind

It helps to have the necessary information, especially on matters to do with finances. Gather the relevant financial documents and have an inventory of all marital assets. That way, you will have a clear picture of the situation, which could help shape the settlement discourse.

2. Keep your emotions in check

Do not be blinded by emotions. It’s not the time to get back at your spouse or make rash decisions on impulse. You could derail the process or harm your interests if you let your emotions come in the way.

3. Be willing to compromise

To make the most of a collaborative divorce, be prepared to compromise. You lose some, and you gain some. Taking a hardline stance can make it impossible to reach a mutual agreement.

4. Focus on the bigger picture

Look beyond the short-term issues and consider the long-term implications of any settlement. How will the settlement impact your financial situation, your children and your future goals? Are there issues, such as taxes, that you may have overlooked?

5. Understand your rights and legal options

Lastly, it is crucial to learn more about your rights and the options available if things don’t work out. It means having the proper legal representation at all stages to guide you and help look out for your interests.