If you are dissolving your marriage in Florida, you must divide your property according to the state’s equitable distribution laws. Unfortunately, the traditional approach to divorce litigation, which pits one spouse against the other, can be time-consuming, costly and contentious. However, the collaborative divorce process provides a less stressful, cooperative process that can yield equal or better results in less time and with less expense. Tia E. Jensen, P.A. guides couples through the collaborative process, protecting the rights of each spouse. Because this team approach saves time and money, the results are generally better for my clients’ financial future.
Under the laws of equitable distribution, each spouse can keep their separate property but must divide their marital property in a manner that is fair, but not necessarily equal. If you leave the issue to the court, a judge applies numerous factors to get to a “fair” result. But when you choose the collaborative process, you decide what is fair, so you retain greater control over the outcome.
The major steps in equitable distribution are:
For equitable distribution to work in the collaborative setting, each spouse must commit to complete financial transparency. Any attempt to hide assets or debt can derail the process.
Collaborative divorce takes a team approach, and one of the most important members of your team is a neutral financial advisor. Specially trained in collaborative law, the financial advisor helps parties understand the various issues related to property distribution, including the tax consequences of liquidating and dividing assets. In litigation, each party has their own finance specialist, doubling the cost of those services. In an adversarial setting, asset valuations turn into a battle of experts, which drags out the proceedings. However, when you opt for the collaborative process, you share the cost of hiring a financial advisor and work cooperatively to reach a timely settlement.
Tia E. Jensen, P.A. is committed to helping couples dissolve their marriage as amicably as possible through the collaborative process. As part of a collaborative divorce, I help couples reach fair, timely, and cost-effective property settlements. Call today at 941-330-9600 or contact my Sarasota office online to schedule a free consultation. My office is conveniently located in the Ringling Professional Center, 2831 Ringling Blvd.