Common Alternative Divorce Resolution for Spouses With Large Assets
Divorce is complex and often emotionally charged, especially for couples with large assets. Traditional divorce proceedings can be time-consuming, expensive, and stressful, so alternative divorce resolution methods are becoming increasingly popular.
Alternative divorce resolution methods allow spouses to resolve their differences and reach a settlement outside of court and can be especially beneficial for couples with large assets. Contact a family law attorney to discuss alternative divorce resolution methods for spouses with large assets in the United States.
1. Mediation
Mediation is one of the most popular alternative divorce resolution methods, and it can be especially beneficial for couples with large assets. In mediation, a neutral third-party mediator helps the spouses communicate and reach a settlement. The mediator helps them find common ground and reach an agreement. Mediation can be less formal and less expensive than traditional divorce proceedings, allowing the couple to maintain control over the outcome of their divorce.
2. Collaborative Divorce
Collaborative divorce is another alternative divorce resolution method that is becoming increasingly popular. Each spouse hires an attorney trained in the collaborative process. The spouses and their attorneys work together to reach a settlement that is in the best interests of both parties. Collaborative divorce is less formal than traditional divorce proceedings, and it allows the couple to maintain control over the outcome of their divorce. Collaborative divorce is less expensive than traditional divorce proceedings and can be completed more quickly.
3. Arbitration
Arbitration is another alternative divorce resolution method that is becoming increasingly popular. In arbitration, the spouses agree to have a neutral third-party arbitrator make a binding decision regarding the division of their assets. Arbitration is less formal than traditional divorce proceedings, and it allows the couple to maintain control over the outcome of their divorce. However, arbitration is more expensive than mediation or collaborative divorce and can be more time-consuming.
4. Settlement Negotiations
Settlement negotiations are another alternative divorce resolution method that can benefit couples with large assets. In settlement negotiations, the spouses and their attorneys work together to reach a settlement that is in the best interests of both parties. Settlement negotiations can be less formal and less expensive than traditional divorce proceedings, allowing the couple to maintain control over the outcome of their divorce. Settlement negotiations are also less time-consuming than traditional divorce proceedings.
5. Divorce Coaching
Divorce coaching is another alternative resolution method that benefits couples with large assets. In divorce coaching, a neutral third-party coach helps the spouses communicate and reach a settlement. The divorce coach does not make decisions for the couple but rather helps them find common ground and reach an agreement. Divorce coaching is less formal and less expensive than traditional divorce proceedings, allowing the couple to maintain control over the outcome of their divorce.
