I recently had a conversation with the wonderful Kara from Thriving Divorce and Separation – a collaborative family law pathway provider helping families thrive through separation, divorce and navigating the family law system in Australia.

She summarised our chat in her blog post – The Real Cost of Separation: Why Collaborative Family Law May Save You More Than You Think – where I outlined why it’s a fallacy that the collaborative family law approach is more expensive than traditional pathways, where some surprising financial gains can be achieved, and why the end goal isn’t just financial wellbeing, but emotional wellbeing too.

What is a collaborative family law approach?

Firstly, let’s unpack what a collaborative family law approach actually is. This non-adversarial process is a way for separating couples to resolve disputes together – without going to court – through respectful, transparent and open communication, with a focus on the needs and goals of all family members rather than who’s legally entitled to what.

This collaborative approach can seem more expensive upfront, because rather than simply taking legal fees, property valuations and mediation costs into account, it includes the “extras” that aren’t usually factored in: think vital elements like accounting costs, psychological support, and of course, financial advice to get you back on track at the beginning of your new chapter.

How a collaborative family law approach can even save you money

In Kara’s blog post, I outline how this approach can be a savvy financial strategy – because when you’re able to work together, rather than in silos, it’s possible to explore creative, tax-effective solutions such as avoiding unnecessary asset sales, maintaining existing business or trust structures, reducing capital gains tax, and even preserving superannuation and investments.

Don’t wait, collaborate

The collaborative family law approach isn’t right for every couple or every situation. But if it does resonate with you, the benefits can be meaningful, including reduced stress, greater physical and emotional wellbeing, and greater relationship preservation – all important things that can help set you up for a positive future, especially if navigating co-parenting together is on the cards.

As I say in the article, it’s the smarter, more sustainable choice – because it’s not about what it costs, but what it saves you from.

Helping you build your financial future

If you’re facing separation or divorce, I understand that it can be overwhelming – which is why I want to help you through the tunnel and out the other side. I can guide you through the collaborative family law process, and also work with you afterwards to set the budget for your new life, make sure you’re protected, and plan and build for a positive financial future.

Book a 15-minute chat with me to discuss your situation and whether this approach is right for you, or read the full blog post here.