EP 6: Why Arbitration May Help Your Divorce

Why Arbitration May Help Your Divorce

Welcome to the sixth episode of Divorce and Your Money Podcast. Your host, Shawn Leamon, MBA and Certified Divorce Analyst, focuses on using arbitration to get divorced. Arbitration occurs when you and your spouse hire a private judge to make a binding decision on the issues relevant to your case.

The major benefit of arbitration is that it is very private, quick, and usually less expensive than other methods for getting divorced. The most significant disadvantage of arbitration is that it is final. The decision cannot be appealed unless you can prove fraud. Both spouses need to agree on the process, and you also need to be aware of your state’s particular laws, as some states don’t allow it.

Key Learning Points:

  • Arbitration involves a private judge.
  • A judge makes a binding decision on the issues relevant to your case.
  • Decisions are private and binding.
  • Arbitration is private, quick, and usually less expensive than litigation.
  • Some states do not allow arbitration to get divorced.

Thank you for listening to the Divorce and Your Money Podcast. We hope the show helps you through one of the most difficult periods of your life. Shawn Leamon is also author of Divorce and Your Money: The No Nonsense Guide. One-on-one divorce coaching services are available at www.divorceandyourmoney.com.

If you enjoyed the show, please take a moment to leave a review on iTunes, as it will help other people discover this helpful advice.

Shawn Leamon, MBA, CDFA

Dallas, Texas

Shawn C. H. Leamon is Managing Partner of LaGrande Global, a firm that helps successful families manage large financial transitions like divorce, inheritance and selling a business.

He earned his Bachelor of Arts from Dartmouth College, double majoring in Economics and Philosophy, and his Masters in Business Administration at Spain’s IE Business School.

Before founding LaGrande Global, Shawn helped manage $1.1 billion in client assets at Bernstein Global Wealth Management. He also worked as a credit research analyst at J.P. Morgan. He is a Certified Divorce Financial Analyst, and he has been an advisor to numerous high-stakes divorce cases.

Shawn is the author of two well-received finance books: Managing Private Wealth: Principles, and Divorce and Your Money: The No-Nonsense Guide, both published in 2016.

In his spare time, Shawn is an ultra-endurance athlete and has competed in events as long as 24 hours. He is an Eagle Scout and a member of the Alumni Board of Greenhill School.