Frequently Asked Questions
What are collaborative services?
Collaborative services involve a group of professions working together to help you and your former spouse work through your divorce. You both will be working with your individual lawyers, there may be a family professional involved who will provide emotional support services including a parenting plan and a financial professional who will provide expertise on financial matters. The team of 4 collaboratively, can save you time and money in most cases. You have 4 experts working together to create the best possible outcome for your foamily.
What is the role of a financial neutral?
A financial neutral is an impartial financial professional who assists parties in understanding their financial situation during processes like divorce or mediation. They gather, analyze, and present financial information, helping all parties make informed decisions while remaining unbiased.
Isn't it expensive to have 4 people working on our divorce case?
It is important to remember that on a collaborative team the work is divided up among four specialist who have their area of expertise. The team may only be working at the same time during team meetings. This process can be more expensive than mediation but it can be less expensive than litigation. In many cases, matters that use the collaborative approach, settle much more quickly and therefore have an overall cost savings by reduced overall hours spent to reach a settlement. .
How much does it cost?
When you work with a financial neutral on a collaborative team of just simply engage their services independently, you will sign an agreement directly with the financial neutral and he/she will charge for their services based on the time spent working on your matter. You can expect to pay between $225 to $500 per hour plus HST. Other professionals on the team will lay out to you in advance their fee schedule.
My fees are $225 per hour plus HST.