Usually each spouse pays half of the cost. It sounds like it should be very expensive, because of all of these professionals involved; however, there are fewer people involved in a collaborative divorce than in traditional divorce. In litigation, the attorney submits a petition to the court clerk, it goes into the judge’s docket, a process server notifies the other party, and any time there is a hearing there is a bailiff, a court reporter, and perhaps expert witnesses. That’s a half dozen people who are not involved in collaborative divorce and you still may have a financial professional or two in a given divorce. Even though it seems like there are more professionals, there are really fewer people involved in the collaborative process.
Harriett Fox is a CPA and divorce mediator located in Miami, Florida. She uses her mediation skills to settle cases in various areas of commercial and civil litigation, while applying her forensic accounting abilities to complex financial analyses in cases of family, commercial, and civil litigation.
To learn more about Harriett Fox, please visit www.harriettfoxcpa.com.