Collaborative divorce could protect your business interests 

Collaborative divorce could protect your business interests 

On Behalf of | Jan 24, 2022 | Divorce

Divorce is often viewed as an adversarial process, but it needn’t be this way. Separating from your partner can be distressing enough in itself, without adding extra layers of drama. In reality, it may be beneficial to both spouses to settle matters as amicably as possible. Collaborative law provides a means of doing this. 

While settling issues relating to finances, child custody and spousal support can be challenging, these obstacles can be overcome. If you are running your own business during the divorce procedure, however, it is best to put matters to bed as efficiently as possible. A collaborative divorce could protect your business interests. Here’s how:

You gain increased privacy

As a business owner, your reputation is key. Typically, you will want to keep your private family affairs separate from the day-to-day running of your company. Litigated divorces are often intrusive, and private information can fall into the wrong hands. 

A collaborative divorce allows you to retain a high degree of control over this. Conducting your divorce negotiations in a private and safe setting can prevent sensitive information from becoming a matter of public record. 

You keep control over your schedule

Any divorce will require you to take some time away from the business. In a litigated divorce, hearings could be frequent, at unsuitable times and may occur over a period of several months. 

By utilizing the collaborative method, you and your former partner will be able to negotiate times that suit you both. Additionally, collaborative procedures are often completed within a shorter timeframe, meaning that your separations could be settled within a few short months. 

Obtaining a divorce is a huge decision and having as much information as possible about the collaborative process could be in your best interests. As you negotiate your separation, be sure to keep your legal rights in mind.