2022/07/20
For years, family lawyers commonly suggest their clients work with a financial advisor during the legal process.
*this also reduces a lawyers liability from providing financial expertise without holding the required financial designations
Mediation and collaborative law offer more positive outcomes for divorcing couples and their families, given the additional training in negotiation.
The rule of law is the same whether a case is resolved through mediation or court. Whenever possible keep cases out of court – it the most expensive route, and the entire file including all financial disclosure will be a matter of public record.
This may be undesirable if there’s a business involved as competitors will be able to access the financial statements.
In all cases, each spouse should have their own lawyer.
see full article by Nathalie Boutet in Advisor’s Edge