The process involves a neutral third party facilitating discussions between divorcing individuals to reach mutually agreeable resolutions regarding assets, debts, and support obligations. This structured negotiation aims to create a settlement that addresses the financial aspects of dissolving a marriage, often encompassing property division, spousal support, and child support arrangements. For example, rather than litigating the division of a business, couples might use this collaborative approach to determine a fair market value and negotiate a buyout or ongoing shared ownership.
Engaging in this approach can offer several advantages over adversarial court proceedings. It often reduces legal costs, minimizes emotional distress, and provides greater control over the outcome compared to decisions imposed by a judge. Historically, it has emerged as a preferred method for resolving marital financial disputes, emphasizing cooperation and compromise rather than conflict. This approach empowers individuals to craft creative solutions that suit their specific circumstances, fostering a more amicable post-divorce relationship, particularly when children are involved.
