Benefits amicable divorce can offer those with high net worth

| May 23, 2018 | Uncategorized |

Like many New Jersey residents, you might be putting off a divorce you know is coming, out of fear that your spouse will take you to the cleaners. Contentious and lengthy divorces can certainly be draining on the pocketbook, especially for those with complex assets to sort out. It may be worthwhile to consider one of the amicable divorce options available before resigning yourself to the assumption that you are destined for a court battle.

Amicable divorce is another word for an uncontested divorce. Many people have the misconception that mediation and collaborative law are only for those who get along reasonably well or have simple disputes or a lower net worth. You may find it encouraging to learn that uncontested divorce can benefit people across a wide range of disputes and financial statuses. Additionally, settling your disputes out of court is less time-consuming and expensive than litigation, which may protect you from unnecessarily spending thousands on a legal battle and wasting time that would be more effective spent on your business and other pursuits.

The following benefits are also common in an uncontested divorce:

  • Reduced chances of conflict, particularly beneficial when the divorce involves children
  • Private, rather than your court dispute being a matter of public record
  • Personal and flexible, instead of relying on a judge to make decisions that may not be in your best interest

For the best chance of success with an amicable divorce, you and your spouse should be able to discuss your issues civilly and be willing to compromise and cooperate with each other. Resolving your issues outside of court may be more difficult if one spouse is unwilling to end the marriage, has a significant financial advantage over the other or has been abusive throughout the marriage. It is important to understand the different options available.



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