Dividing Family Businesses in Collaborative Divorce

Divorcing couples in Nashville and Middle Tennessee should consider the collaborative approach to help them preserve family  businesses. In this article, Dallas attorney Kevin Fuller notes in part:

There can be many benefits to working through a difficult divorce in the collaborative process. Benefits of the collaborative process include:

• Dividing the wealth of the family in a way that doesn't destroy the source of that wealth or the family members in the process.

• Providing the parties and their business with a more private and confidential atmosphere than the traditional litigation process.

• Helping the parties reach financial solutions that are thoughtfully custom crafted to meet the needs of the family's business interests as well as the parties interests versus a “one-size fits all” approach.

• Legal fees and professional expenses are more efficiently used, fees are spent solely on settlement efforts and not on procedural, evidentiary and other legal technicalities required in the litigation process - the process is far less expensive than contested litigation.

• Settlement conferences and meetings are scheduled when convenient for the parties instead of being centered around the lawyers schedule and the court’s busy docket.

• The collaborative process is less disruptive to the business person and their staff, clients and investors.

• The process can take weeks or months to accomplish a resolution versus years in the litigation process.

For more information for divorcing couples in Nashville and middle Tennessee please see: http://www.dvlawfirm.com/family/collaborative-family-practice