elcome to this, the second post in our series on collaborative law and its benefits; whatever stage you’re at in life. We’ve already covered collaborative law divorce in your 20s and 30s and in our final post we’ll write about divorcing in your 60’s and beyond.
In this post we’ll consider the ways in which collaborative law can support those experiencing divorce in their 40s and 50s, by covering some of the common points of discussion that arise during the course of the process.
Many divorcing couples in their 40s and 50s are parents and step-parents, and it’s important to do everything possible to come up with practical and sensible arrangements for any children or stepchildren who are under the age of 18 and living at home. If appropriate, the collaborative law process can take into consideration older children, who may have strong views on where they want to live, and on levels of contact.
If there are plans for children to continue formal education beyond the age of 18, or if they are in private education, collaborative law discussions can cover arrangements for ongoing education and funding if relevant.
Finances are always one of the biggest discussion points for divorcing couples in their 40s and 50s, as this is typically a period in which individuals can demand higher salaries, and may have built up sizeable investments and pensions backed by years of experience on the job.
A stay-at-home spouse’s needs may need to be taken into consideration, as must those of a spouse who has sacrificed their career or business prospects to support the other’s success, but who still works, perhaps on a part time basis. This is against a background where the main breadwinner may have needs of their own to address, particularly once parties have established separate households.
Business as usual?
If both parties are self-employed or run their own business, it’s not uncommon for one business to have been put on the back-burner to encourage the success of the other. The collaborative law process can facilitate and encourage discussions around strategies and funding to enable a less successful business to become more profitable, thus providing an ongoing income for the future, and perhaps avoiding the need for spousal maintenance.
About Collaborative Law Manchester
Collaborative Law Manchester is a group of professionals who work closely together to provide support to individuals going through a separation or divorce, including the couple and their children and step-children. These professionals include lawyers, counsellors, accountants and life-coaches.
Every Collaborative Law Manchester member is trained in and adheres to the collaborative law process, a constructive, non-confrontational approach intended to make the separation and divorce process less stressful, by applying a set of collaborative law principles and seeking to avoid unnecessary conflict.
If you need advice and support on matters relating to a separation or divorce, please do not hesitate to contact one of your local collaborative law experts.