Calculating Present and Future Value in Divorce

Calculating Present and Future Value in Divorce You probably did not become a family lawyer because you loved to crunch numbers, but you should know how to perform basic present value and future value calculations. Here’s a primer for attorneys. By Harriett Fox, Forensic Accountant You probably became a lawyer for the exact opposite reasons that I became a CPA: I could not fathom doing all that reading and writing, and you probably could not fathom dealing with numbers. You did not become an attorney because you wanted to spend the rest of your life crunching numbers – but a...Read More

Collaborative Divorce – How Do I Decide What Type & How To Get Divorced?

How to decide what kind of divorce to use. I ask my clients three questions: What kind of relationship do you want with your children post-divorce? How much do you value privacy in your divorce? How effectively do you want to use your resources (money, time and energy) during the divorce? When answering these questions, it is clear that collaborative divorce is the most civilized Collaborative Divorce Law Video.Read More

Collaborative Divorce – The Non-Attorney Professionals

The Neutral Mental Health Professional. The role of the mental health professional is to assist with communication issues which arise and to help the parties develop a healthy co-parenting plan. The MHP keeps the process on track, works with the collaborative team to help resolve any issues and assists the couple in developing a working relationship post-divorce. The Neutral Financial Professional. Many neutral financial professionals are certified public accountants, although it is not a requirement. It is the financial professional’s responsibility to determine and present the family’s financial situation. The four main financial elements are income, expenses, assets and liabilities....Read More

Collaborative Divorce – Who’s On The Team?

The Collaborative Divorce Team. The collaborative divorce team is comprised of the divorcing parties, two family law attorneys who are trained in collaborative law, one neutral mental health professional (MHP) who is trained in collaborative divorce and one neutral financial professional who is trained in collaborative divorce. Let’s answer the first question right off: how does a divorcing couple pay for all of these professionals? In fact, there are fewer people involved in a collaborative divorce than in a traditional, litigated divorce. In a traditional divorce, one attorney prepares a petition to be filed with the court. The attorney submits...Read More

Collaborative Divorce – What Are The Advantages?

What are the advantages of Collaborative Divorce? Privacy is one of the greatest advantages of a collaborative divorce. In a collaborative divorce no petition is filed in the court, no financial affidavits or mandatory disclosure are filed and the court is not involved in the process until a settlement agreement is submitted for approval. Because the court is not involved in the process, no fees or costs are expended for preparing and filing motions, conducting hearings, preparing and serving subpoenas, scheduling and taking depositions, just to name only a few court-case related expenses. Transparency is another advantage of collaborative divorce....Read More
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