High-asset divorces are often among the highest conflict divorces. With more property comes more opportunities to fight at the end of a marriage. Couples in Florida that jointly own businesses or other substantial assets may end up squandering a significant amount of their wealth on fruitless litigation.
The cost of divorce is relatively high in Florida. If you don’t have children, it will cost, on average, $13,500 to divorce. If you have minor children, that amount increases to $20,300. The more you fight in court, the more you can expect to pay.
Rather than digging your heels in and preparing for a protracted fight when you decide to divorce, it may be a much better approach to try to work with your ex in a low conflict divorce.
You can advocate for yourself without going to war
Despite how intense your feelings may currently be, bitterly fighting with your spouse in court won’t benefit either of you in most cases. In a litigated divorce, the judge presiding over the dissolution will apply equitable distribution laws to the property and time-sharing laws to any minor children that the couple shares.
Although state law does give a judge the opportunity to craft specialized solutions for the family’s needs, extremely uneven or biased outcomes are unlikely in a Florida divorce. Couples trying to secure the lion’s share of marital assets or parenting time may spend a lot of energy and money on goals that are unrealistic.
There are certain things that probably matter very much to you in the divorce and others that are mere formalities. You can establish your priorities and then advocate for them without fighting your spouse for them.
A collaborative approach to divorce empowers you both
Instead of fighting with your ex, you can work with them to sort out all of the major matters from your married life. There will be ways for you to compromise so that everyone gets what is most important to them without making too many concessions. Perhaps you feel strongly about keeping your retirement account, and your ex wants to keep your vacation house.
Collaborative divorce gives you the opportunity to create a settlement that really reflects your values. It can also drastically reduce how much you spend on your divorce. Keeping control over the outcome and reducing the overall costs are both reasons why high-asset couples often utilize the collaborative divorce approach.