Yes. Collaborative divorce can help protect your financial privacy. Instead of discussing every issue in open court, couples work together in private meetings. If you own a business, investments or other valuable assets, this process can limit how much of your sensitive financial information is discussed in open court.
How collaborative divorce supports privacy
Collaborative divorce gives both spouses a chance to settle issues outside the courtroom. Each person works with a lawyer and agrees to focus on reaching an agreement. Because most meetings happen in private, many financial discussions stay out of the public eye.
Florida’s Collaborative Law Process Act, found in Chapter 61, Part III, Florida Statutes, sets the rules for this process. Under § 61.58, it also protects many communications made during collaborative meetings from disclosure or use in court. Even so, privacy has limits. It helps to know what information you may still need to share.
What information may remain private?
Some financial records still become part of the court file before a judge can finalize the divorce. However, many personal discussions take place during private meetings instead of in open court.
These discussions may include:
- Business ownership
- Investment accounts
- Bonuses, stock awards and other work benefits
- Retirement accounts
- Real estate and other valuable assets
Both spouses must also share complete and accurate financial information. Full disclosure helps each person understand the family’s finances and make informed choices. Honest communication also helps the process move forward with fewer disputes.
Choosing the right process
Privacy matters, but it is only one part of a divorce. You may also want to think about your finances, your family and how you hope to resolve disagreements. Weighing how collaborative divorce works against your specific goals and situation can help you decide if it’s the right fit. Collaborative divorce works best when both spouses are committed to negotiating in good faith and reaching a mutually acceptable resolution. If you need guidance about your options, consider speaking with a legal professional.
