Category Archives: Financial

The Advantage of Child Support Calculation Through the Collaborative Divorce Process

| November 25, 2019

A recommended article written by Leslee J. Newman, Collaborative Attorney, Mediator, and Family Law Specialist

“A divorce with children who are not yet adults includes decisions regarding child support payment.  In every state including California, there is a different formula to calculate child support.  If divorcing parents go to court and request a judge to make the child support order, the statewide formula must be used to arrive at the amount of the support to be paid from one parent to the other.  Find out how parents selecting an out-of-court process like collaborative divorce can create their own agreeable amount without going to court.”

Click the link below to read more.

https://divorcepeacemaker.com/the-advantage-of-child-support-calculation-through-the-collaborative-divorce-process/

Horror Stories of the Delayed Divorce

| October 24, 2019

A recommended article written by Diana L. Martinez, Collaborative Attorney, Mediator, Lecturer & Trainer

“As we enter the holidays, many divorcing couples choose to put their divorce on hold, preferring to focus on more enjoyable aspects of the season. Unfortunately, this can make for a horror movie later on. Before you slow things down, understand the potential nightmare lurking behind delays in your divorce, and how you can create a safer way to give yourself a much needed respite this holiday season.”

Click the link below to read more:

https://www.hbplaw.com/blog/2019/10/horror-stories-of-the-delayed-divorce/

Do I need a financial specialist as well as a lawyer for my divorce?

| April 19, 2019

By Cathleen Collinsworth, CDFA®, MAFF®
www.cccfda.com
949.262.3692

 

Do I need a financial specialist as well as a lawyer for my divorce? Won’t I be paying twice the money for two professionals to be doing the same work? As in all questions relating to divorce, the answer is, “It depends.” If the marital estate consists of assets such as a residence, retirement accounts, investments, and or credit card debts, you should consider hiring someone to assist you in fully understanding all the financial issues relating to the marital estate.

Misinformation and misconceptions about the divorce process can be detrimental. Many have false expectations that they will be able to secure a divorce settlement allowing them to continue with their accustomed style of living. Financial divorce analysis helps to ensure a good, stable economic future and prevents long-term regret with financial decisions made during the divorce process.

The financial work provided by a lawyer is not the same as that provided by a trained financial professional specializing in the divorce process. In addition, being a CPA or a CFP does not mean that individual has specific training in family law financial matters.

As you go through the divorce process, finding the … Read More “Do I need a financial specialist as well as a lawyer for my divorce?”

Why a Collaborative Pre-nup Makes Cents

| April 24, 2017

by Suanne I. Honey
Attorney at Law, CFLS, Mediator and Collaborative Attorney

Sorry for the silly pun when this is such a serious topic. Seriously, though, pre-nuptial agreements are hot topics which give rise to many emotions.

“It paints the Devil on the wall.”

“It is anticipating failure of the marriage.”

“If he or she really loved me, this would not be necessary.”

“I am uncomfortable talking about finances.”

The list can go on and on. Sometimes emotions are an unnecessary waste of energy. Other times emotions have some benefits, even negative emotions. For example, fear in a dark alley in a dangerous neighborhood will cause you to be zealously vigilant about your surroundings which will lead you into taking appropriate steps for your safety … much like the pre-nuptial agreement itself.

Unfortunately, statistics today are not favorable for a lasting marriage. If and when there is a decision to get divorced, the person you once loved turns into the enemy. There is often a total lack of trust at the time of a divorce. There are fights over money, property, and other issues creating stress for both partners. This stress almost always filters down to the children.

Collaborative Law … Read More “Why a Collaborative Pre-nup Makes Cents”

Experts Contribute to Best Practices at Collaborative Practice California Conference

| April 12, 2017

Orange County Collaborative Practice professionals will share their expertise with colleagues in April at the annual Collaborative Practice California Conference XII in Redondo Beach.

Members of Collaborative Divorce Solutions of Orange County (CDSOC) are in demand as professional education panelists and seminar leaders throughout Fall 2017 due to their expertise and experience working with a diverse array of Orange County clients in the Collaborative approach to divorce.

“Many collaborative professionals are committed to continuing professional education in order to provide the best service to our clients,” said Dr. Carol Hughes, CDSOC member and workshop leader. “The annual conference of Collaborative Practice California is one venue for us to do this.

“We CDSOC members are honored to be contributing to the further growth of our Collaborative colleagues throughout the state. Ultimately, the reward is offering better options to clients who want to avoid the trauma, time and expense of a litigated divorce or other disputes,” added Dr. Hughes.

Collaborative Practice California presentations include:

Collaborative Family Lawyer and Mediator Bart Carey, Divorce Coach and Child Specialist Dr. Hughes, Ph.D., LMFT, and Financial Specialist Cathleen Collinsworth, CDFA™, MAFF™ will facilitate an advanced seminar titled “Grand Rounds for Collaborative Practitioners.”

The workshop format introduces … Read More “Experts Contribute to Best Practices at Collaborative Practice California Conference”

12 Reasons To Create Your Premarital Agreement Using the Collaborative Process

| March 6, 2017

by Leslee J. Newman, CFL-S, Family Law Attorney
Orange, California

  • Each premarital partner selects their own Collaborative attorney to represent him or her from the very beginning of the premarital Collaborative Process. You and your Collaborative attorney work together until the premarital agreement is completed and signed.
  • Neutral professionals such as a financial planner and/or a Collaborative coach may also be added to your Collaborative team to help you and your partner develop and fully understand your goals as a couple, and the legal and financial ramifications of your decisions.
  • Before any drafting takes place, you and your partner are encouraged to express your thoughts and concerns about what you plan to build together as joint property and what you want to maintain as separate property.
  • Full disclosure of the property and debts of each premarital partner is exchanged including some verification of each asset and each debt.
  • After full discussion, disclosure, and agreement is reached by the premarital couple, the agreement is drafted through the participation of both Collaborative attorneys.
  • After the draft of the premarital agreement is completed, the draft is fully discussed and explained to each premarital partner by his or her Collaborative attorney.
  • Additional drafts
… Read More “12 Reasons To Create Your Premarital Agreement Using the Collaborative Process”

Members Lend Expertise at Collaborative Divorce Education Institute 3-Day Training

| February 11, 2017

Experienced legal, financial, and mental health Collaborative Practitioners from Collaborative Divorce Solutions of Orange County shared their expertise at the 2017 Three-Day Collaborative Divorce Interdisciplinary Team Training in January. Through lectures, discussions, and group participation, the training team helped both new and experienced Collaborative Professionals to develop more skills and a new understanding of how to support and lead their clients to a successful resolution without resorting to litigation.

If you missed this year’s event, be sure mark your calendar for next year’s training in January 2018.

The Most Effective Way to Reduce the Cost of Your Divorce or Civil Dispute

| January 3, 2017

by Brian Don Levy, Esq., Collaborative Attorney and Mediator

What single item can add the most cost to your divorce or civil dispute? Acting or reacting based on emotional thinking, or making unilateral decisions that are based in emotional thinking.  It is critical to understand how our emotions can drive our thinking and our behavior, and it is important to manage those emotions in a healthy way that allows for understanding viable solutions and facilitates well thought out problem solving.

Every legal and financial decision is potentially wrapped in emotion, and those emotions can prevent us from fully understanding our options and choosing the options that make the most sense going forward. For almost every divorcing couple or civil disputant, trust is usually broken and communication is not working very well, if at all.  Bringing broken trust and poor communication into the decision-making process is not a good recipe for success.

Therefore, communication coaches are an important investment to be made in achieving a long term satisfying outcome for those in conflict. I use the term “investment” because failure to understand and manage emotions is a huge cost inflator for those engaged in civil and family law disputes.  The … Read More “The Most Effective Way to Reduce the Cost of Your Divorce or Civil Dispute”

Resolve to Improve Your Practice in 2017: Attend CDEI Three-Day Interdisciplinary Team Training – Fundamentals and Beyond

| December 23, 2016

Resolve to improve your professional practice in 2017 by attending the Collaborative Divorce Solutions of Orange County in cooperation with Collaborative Divorce Education Institute’s (CDEI) Interdisciplinary Team Training January 26-28, 2017 at National University in Costa Mesa, California.

As an intermediate or senior legal, financial, or mental health practitioner, which of the following are true at this stage of your career?

•    You are tired of the grind of litigation in divorce and civil litigation
•    You are tired of toxic personality clients only interested in going to war
•    You are tired of being the “middle man/woman” and the client’s only resource
•    You want to shift your practice orientation from litigation to collaboration, mediation or other out of court resolution processes
•    You want to spend more time working with motivated, quality clients
•    You want to dramatically reduce your receivables and your professional stress
•    You want to help your client put their personal, financial, and social goals at the forefront of their settlement process
•    You want to improve your listening, coaching, and assessment skills
•    You want to learn new ways to communicate with your clients and other professionals in a way that you can … Read More “Resolve to Improve Your Practice in 2017: Attend CDEI Three-Day Interdisciplinary Team Training – Fundamentals and Beyond”

CDSOC Members Honor and Remember Tracy McKenney

| November 22, 2016

Collaborative Divorce Solutions of Orange County members share their remembrances of their colleague Tracy McKenney, former CDSOC Board President who passed away from cancer in September 2016.

“Tracy McKenney was always, smart, positive, with an uncanny ability to summarize and synthesize all thoughts on a collaborative team or in a Collaborative meeting.”

“Cannot think of Tracy without remembering her smile and her laugh. Professional and competent go without saying but her heart and the ability to reach out to touch the people she worked with. That was her gift and I will miss her.”

“Tracy was positive. She had a great laugh and was very helpful to her (and our) clients. I have come across people lately who she helped before and who she encouraged into a non-adversary process. Her children are her everlasting testament.”

“It still feels surreal. With Tracy’s sense of humor and sense of adventure. I still feel like she’s just away on one of those amazing trips. I still see and feel her in my everyday life. I still think she’s messing with me. Like the weekend after she passed, I met a couple named Scott and Tracy. That’s classic Tracy. She will always be with … Read More “CDSOC Members Honor and Remember Tracy McKenney”