On behalf of Stange Law Firm, PC posted in High Asset Divorce on Thursday, July 19, 2018.
Fortunately, the answer to this question is no. Missouri couples now have other, less confrontational and adversarial options when it comes to resolving their issues in a high asset divorce. If you want to avoid a contentious courtroom battle, you may want to consider either mediation or collaborative divorce as an alternative.
Mediation and collaborative law share many of the same advantages. Both generally cost less to complete, allow the parties to retain control over the outcome and provide a less formal atmosphere that fosters cooperation and compromise. When using either alternative dispute resolution method, you may bring in third parties such as financial advisors, counselors and appraisers to help you make the best decisions possible.
Even as they share similarities, they also have distinctive differences. In mediation, a neutral third party helps keep your negotiations on track. The mediator does not make decisions for you, but instead provides you with alternative solutions and lets you know how the court may rule in a particular situation. In collaborative law, the parties and their attorneys work together without a mediator (in most instances). In any case, you would benefit from enlisting the aid of an attorney who is friendly to these alternative dispute resolution options for divorce.
When it comes to a high asset divorce, staying out of court could better serve your interests. You have more options for resolving your issues, and many Missouri couples who use mediation or collaborative law often end up with more satisfying agreements. Before deciding on an alternative method, you may want to gain a better understanding of how each method works, along with what it can and cannot offer you.
