Collaborative Divorce Lawyer Wheaton Illinois | Asset Valuation and Collaborative Divorce

Collaborative divorce is a unique method of resolving a marital dispute without the aid of the court system. The two parties agree to negotiate their own settlement, instead of using the court system as a mediator. The Law Office of Tania K. Harvey is committed to this alternative approach to divorce. We know that with a strong collaborative divorce lawyer Wheaton Illinois, your process can be peaceful and productive. Contact us today at 312-803-5845 for a consultation. 

In collaborative divorce, both parties are represented by lawyers who are trained to help them negotiate and mediate a settlement that is fair for both spouses. Assets must be valued in order to properly divide them during the divorce process. Sometimes, an independent valuation is essential, especially for couples with a lot of assets, trusts, a business, or other complex financial aspects. 

The basics of collaborative divorce

Collaborative divorce is a unique method of resolving a marital dispute without the aid of the court system. It can be an attractive option for couples who want to avoid litigation and save money. It’s also a more amicable way to resolve your divorce. 

In order for this method to work properly, both parties must be willing to develop an effective co-parenting agreement and allocate financial resources to ensure this relationship is successful. In addition, both parties must set aside animosity or resentment towards one another in order to work together productively and produce profound results for all parties. If you’re looking for a collaborative divorce lawyer Wheaton Illinois, The Law Office of Tania K. Harvey can help. We have the experience to successfully guide you through this process. 

In collaborative divorce, there are no judges involved. It’s just you and your spouse deciding what’s best for both of you. This can be great because it allows couples who know their families, who know their financial and familial goals, and who know the best way to get there to make decisions. 

Assets must be valued in order to properly divide them 

In the case of collaborative divorce, asset valuation is an important part of the process. If you’re facing a divorce and want to keep things amicable, it’s essential that your assets are valued accurately. Everyone involved can understand what each person has contributed financially and how much they should receive from their partner. 

This can be especially tricky, and especially important, when one spouse owns multiple businesses or properties. Or, when you and your spouse are co-owners of a business. Without accurate valuations for these items, it may be impossible for both sides to have any idea what they’re currently worth and what they will be worth in the future. 

Parties typically use a collaborative divorce lawyer Wheaton Illinois, along with a financial specialist to assist with the identification, valuation, and division of marital property. The financial specialist takes into consideration the parties’ specific needs and interests to determine alternative ways to divide the assets. In addition, financial specialists assist in completing relevant court-mandated documentation, such as financial disclosure forms.  

A trained collaborative divorce lawyer Wheaton Illinois is important for the process

In addition to the legal knowledge required of any attorney, a collaborative divorce lawyer Wheaton Illinois must also be able to help their clients negotiate in good faith and craft an agreement that is beneficial to everyone. The attorneys at The Law Office of Tania K. Harvey have that experience and have helped numerous clients stay focused on their future goals and create a settlement that realizes those goals.

During the divorce process, we will make sure your needs and your family’s needs are addressed. We will take a problem solving approach, generate creative solutions, and discuss options until all parties are satisfied with the resolution.