A different way in
which Financial Neutrals can over-function is around wanting the parties to engage in a lot more financial analysis and planning than the parties care to do in the divorce process.
Previous posts have looked at the ways Mental Health Coaches struggle in Collaborative Divorce cases as well as the ways in
which Financial Neutrals can unintentionally get in the way of solid divorce settlement agreements.
Not exact matches
The age - adjustment factors that reward you for deferring government benefits are meant to be «actuarially
neutral,»
which means they are intended to provide no major
financial advantage or disadvantage if you have average life expectancy.
In technical terms, they're roughly «actuarially
neutral,»
which means they confer no general
financial advantage for taking your pensions early or late, assuming you have average life expectancy.
Prior
financial dealings,
which may be embarrassing, will be addressed privately by a joint
neutral financial collaborative professional.
The defence was conducted by ICBC,
which obviously has much greater
financial strength than the plaintiff, but unless it used that strength improperly in this litigation that is a
neutral factor: See Vander Maeden v. Condon, 2014 BCSC 677.
A
financial neutral can spend time separately with both parties to ensure that all the cards are on the table, and that each spouse understands the basis upon
which they are negotiating.
They help them craft post-divorce budgets that take into account what the
Financial Neutral advises is the likely financial situation in which the parties will find themselves so that they can negotiate with their eyes w
Financial Neutral advises is the likely
financial situation in which the parties will find themselves so that they can negotiate with their eyes w
financial situation in
which the parties will find themselves so that they can negotiate with their eyes wide open.
As a result, the parties are able to merge their attorneys» legal advice with the
financial neutral's advice,
which often leads to much more sophisticated or nuanced settlement results than would be true if everyone is mechanically dividing assets and debts without the benefit of professional
financial advice.
Mediation is a process in
which you and your spouse work out your
financial and marital differences with the assistance of a
neutral party known as a Mediator.
The collaborative divorce involves an interdisciplinary team
which consist of a therapist trained in the collaborative mode, called a Mental Health Professional, a
Financial Neutral, or financial planner, that looks at your joint finances, and a lawyer for each party that is trained in the collaborative divorce
Financial Neutral, or
financial planner, that looks at your joint finances, and a lawyer for each party that is trained in the collaborative divorce
financial planner, that looks at your joint finances, and a lawyer for each party that is trained in the collaborative divorce approach.
Collaborative divorce typically utilizes a team approach, in
which neutral financial and mental health professionals are engaged to help gather data, contain emotions, and generally streamline the process.
Collaborative divorce is a private dispute resolution option
which requires each spouse to: (i) treat one another respectfully, (ii) be open and honest in his or her
financial dealings, (iii) agree to settle things privately and not to engage in courtroom battles, (iv) hire an attorney for the limited purpose of helping the parties reach an agreement
which addresses both parties» concerns, (v) utilize a
neutral facilitator (
which is substantially the same as a mediator except anything said in front of the facilitator may be disclosed to the other spouse), and, (vi) if there are substantial assets and liabilities, engage a
neutral financial professional.
Compass Resolution Mediation works by creating a
neutral platform on
which conflicting parties can work through
financial and child related disputes.
A
Neutral Financial Professional, who is usually either a licensed financial planner or certified public accountant, gathers and analyzes the financial documents and information which the parties are required by Florida law to
Financial Professional, who is usually either a licensed
financial planner or certified public accountant, gathers and analyzes the financial documents and information which the parties are required by Florida law to
financial planner or certified public accountant, gathers and analyzes the
financial documents and information which the parties are required by Florida law to
financial documents and information
which the parties are required by Florida law to exchange.
Some collaborative divorces utilize a full - team model
which includes divorce coaches for each spouse, a child specialist if there are children, and a
neutral financial person to help resolve the
financial issues of divorce.
For example, in the collaborative family law process, a
neutral financial professional tailors
which documents should be exchanged to make sure both parties are fully informed rather than cast the overly wide net of mandatory disclosure.
For anyone considering a post-nuptial agreement, I urge them to utilize the collaborative process, in
which (i) a
neutral facilitator is used to help the spouses focus on what is important and improve their communication skills and (ii) a
financial professional helps the spouses budget for the future and increase the understanding of their finances.
You may have found the Collaborative Practice model by first interviewing a Mental Health Professional or a
Neutral Financial Professional, in
which case the formation of your team may have already started.
Second, during the collaborative team meetings themselves, when the team is considering various settlement possibilities, the
financial neutral can help the parties understand
which options make the most sense for them financially, taking into account concerns such as investment value over time and tax consequences of different scenarios.
It's peacemaking that eludes them —
which is where collaborative law practitioners and their teams of child specialists,
neutral financial experts, divorce coaches and health professionals come in.
You may have learned about the Collaborative divorce process by first speaking with a Collaborative Attorney, a Collaborative
Neutral Coach or a
Financial Professional in
which case you may have already started forming your team of problem solvers.
This is a time - limited, confidential process in
which both you and your spouse meet with a
neutral third person who helps you decide on the division of parenting responsibilities, where your children will live, how decisions will be made, and the
financial issues of property and support.
We often use one of the
neutral professionals (Coach or
Financial Professional) to be the process facilitator in a role similar to a facilitative mediator, to help the parties and their attorneys have productive collaborative meetings,
which saves time and money.
Yet, the Collaborative Divorce Process is the only divorce process
which includes a
neutral divorce
financial specialist as part of your divorce team.
The Team includes an interdisciplinary team selected by the spouses at the outset of the process
which consists of two Collaborative attorneys, a
neutral financial specialist, two mental health coaches - each spouse selects her or his own coach, and a child specialist (advocates for the child) who address the legal, emotional and
financial aspects of divorce.
The attorneys assist the parties in forming a collaborative team,
which may include
neutral persons such as a child specialist, a divorce coach, and a
financial specialist.