Many Maryland spouses take a very narrow view of divorce, believing that every couple goes through a highly contentious process that leaves all parties worse for wear. In reality, couples have the power to choose how their divorce will move forward. For those who are able to work together to reach a shared goal, collaboration offers a number of benefits. Nowhere are those benefits more distinct than in regard to property division.
In the best cases, spouses work together to divide marital assets in a manner that makes good financial sense. They carefully evaluate the pros and cons of various property division strategies, looking at the tax ramifications, fines, fees and other costs associated with each option. When it’s time to determine who gets what, that decision is made with an eye toward preserving as much wealth as possible to be divided between parties.
The driving force behind a collaborative divorce is a shared commitment to working through problems in a collaborative manner. Couples who are able to embrace the collaborative approach are often able to move through a divorce more swiftly and with less total expense than those who take an adversarial stance. That leaves more money to be divided and used to finance the next phase of life.
For Maryland spouses who are considering divorce and looking at their options, it makes sense to sit down with a family law attorney and discuss how to proceed. If collaboration seems like a possibility, it’s well worth the time and effort it takes to pursue that avenue. When it comes to property division, working together can yield far better outcomes than facing off against one another.
Source: The Huffington Post, “The Collaborative Divorce: A Litigator Explains,” Robi Ludwig, Nov. 2, 2017