FamilyMediation Archives | Collaborative Law Institute

When Minnesota couples choose Collaborative Divorce, they are choosing a process designed to resolve divorce without court, without escalation, and without unnecessary financial damage. At the center of this process is a role many people have never heard of—but one that often makes a significant difference in long-term outcomes: the Financial Neutral. A Financial Neutral does not advocate for one spouse over the other. Instead, the role is to provide objective, forward-looking financial guidance so both individuals can make informed decisions that support long-term stability. Many Financial Neutrals hold advanced credentials such as Certified Divorce Financial Analyst® (CDFA®) and Certified Financial Planner™ (CFP®), bringing a deeper level of financial insight to the collaborative process.

In Minnesota, Collaborative Divorce is a voluntary, non-litigation process where each spouse retains their own collaboratively trained attorney, a Financial Neutral is jointly engaged, and in many cases a parenting or mental health professional is included to support communication and family dynamics. Everyone involved commits to resolving issues outside of court. The Financial Neutral works for the process—not for either party—providing unbiased financial analysis, translating complex financial information into clear and understandable options, ensuring transparency and accuracy, and keeping the focus on long-term outcomes rather than short-term positioning.

The role of the Financial Neutral becomes especially important in gray divorce, which continues to rise across Minnesota. For couples over 50, financial decisions often carry permanent consequences. Many are navigating retirement that is already underway or approaching, pensions, 401(k)s, IRAs, and Social Security benefits, as well as long-held real estate and healthcare considerations such as Medicare and insurance transitions. A Financial Neutral helps couples understand not just how assets are divided, but how each decision impacts lifetime income, taxes, and long-term financial independence.

Within the collaborative process, the Financial Neutral brings clarity to complex financial decisions by preparing clear summaries of assets and debts, developing post-divorce cash flow and budget projections, and presenting side-by-side settlement scenarios. This allows both spouses to work from the same set of information and make decisions based on facts rather than fear. In Minnesota, where equitable division does not always mean equal and equal does not always lead to equal outcomes, the Financial Neutral plays a critical role in evaluating retirement sustainability, Social Security strategies, tax implications, and long-term healthcare costs. The focus is not simply on dividing assets, but on ensuring both individuals can maintain financial stability after the divorce.

Because the Financial Neutral is jointly retained, the process often reduces conflict, time, and overall cost. There is one shared financial analysis, fewer outside experts are needed, and less time is spent disputing numbers. This can significantly reduce legal fees and improve efficiency for both spouses. Just as importantly, the Financial Neutral supports better decision-making during what is often a stressful and emotional transition. By slowing the process enough to allow for thoughtful and informed decisions, the Financial Neutral helps ensure outcomes are aligned with long-term goals, which is particularly important in long-term marriages.

Collaborative Divorce in Minnesota is a team-based approach. The Financial Neutral works alongside collaboratively trained family law attorneys, and often with mental health or communication professionals, to support both spouses together. This integrated model helps align legal, financial, and emotional considerations so they work together rather than in opposition. As a result, many Minnesota couples choose Collaborative Divorce because it preserves assets that might otherwise be spent on litigation, encourages transparency and trust, allows for customized solutions rather than court-imposed outcomes, and supports respectful communication throughout the process.

Divorce does not have to be a financial battle. With the right structure and professional support, it can be a carefully planned transition. A Financial Neutral helps clarify complex financial decisions, reduce unnecessary conflict and cost, protect retirement and long-term financial security, and support informed, durable agreements. For many Minnesota families, Collaborative Divorce offers a respectful, non-litigation path forward that honors both the financial and emotional realities of divorce.

If you are considering divorce in Minnesota and want to better understand how Collaborative Divorce or mediation works—especially from a financial perspective—a conversation can be a helpful place to start. You don’t need to have everything figured out. You just need a place to begin. If it feels helpful, you’re welcome to schedule a confidential conversation to explore your options.

About the Author

Michelle Leisen, CFP®, CDFA® is the founder of Divorce Smart and a member of the Minnesota Collaborative Law Institute. With over 27 years of experience in financial planning and investment management, she serves as a Financial Neutral in Collaborative Divorce, helping couples navigate complex financial decisions with clarity and confidence. Michelle brings a thoughtful, client-centered approach, translating financial details into practical options that support long-term stability—especially in gray divorce. She holds a degree from the University of Minnesota and attended William Mitchell School of Law.

Michelle Leisen, CDFA®, CFP®
Mediator, Financial Neutral
Divorce Smart LLC
michelle@wealthplanninggroupmn.com | 612-419-9956
https://www.mydivorcesmart.com

Child Inclusive Mediation is a process that allows children to have a voice in the divorce process. In Child Inclusive Mediation, divorcing parents and their attorneys bring in two professionals, one an experienced mediator, and the other a trained mental health professional that has experience working with children. That mental health professional will meet with the child or children of the divorcing parents, separately and one-on-one with the child, and outside of the mediation process. That mental health professional then attends the mediation, along with the mediator, divorcing parents, and parents’ attorneys. At the mediation, the mental health professional shares what he or she learned from speaking with the children about how they are navigating the divorce, the good things they experience at each parent’s house, the concerns they have at each parent’s house, and their hopes and desires for what the best schedule looks like to them. The parties and the mediator, along with their attorneys, then mediate to seek a resolution that is in their child’s or children’s best interests, based on the information shared from the mental health professional.

While children do not make decisions about a parenting plan, rather parents do, a child’s voice can have strong weight as to what schedule will be implemented by parents. Often parents are not aware of their own child’s wishes or desires, either because the parent hasn’t heard the child express them, or because the child is afraid to express them out of fear of hurting a parent. The Child Inclusive Mediation can be a safe place for the child to share his or her feelings, without having to confront a parent or tell a parent directly.

Often parents ask, “well when can my child have a voice?” or “how old does my child have to be before he or she gets a say in parenting time?”. Minnesota Statutes do not provide a bright line strict age for when children get a say in parenting time, but there is a general consensus that once a child reaches teenage years (13), that child is generally of sufficient age to express a preference. Expression of a preference does not equate to that is what will be implemented by parents or the Court, but it can be a strong guiding hand. And certainly the older a child gets, and the closer they are to emancipation (16/17), the stronger that voice will be heard.

In the Collaborative Law practice, the parents make a commitment to stay out of Court. By engaging in Child Inclusive Mediation in the Collaborative Law practice, the parents are making a commitment to stay out of court and to allow their teenage child or children to have a voice in how their daily life looks, given their age. Child Inclusive Mediation provides a safe place for children’s voices to be heard, without parents questioning or confronting their child or children. Parents can then use that information to come up with a parenting time schedule and parenting plan that can put their child or children on the best path to success as a young adult, through emancipation, and beyond into adulthood.

Reach out to a Collaborative Law attorney for a consultation to begin your journey in the Collaborative Law practice and inquire about child inclusive mediation.

About the Author

Laura Schultz was admitted to practice law in the State of Minnesota in 2006 and has been practicing family law for 20 years. After clerking for a Judge in the Hennepin County District Court for three years from 2006 to 2009, she joined Tuttle Bergeson, P.A. in 2009 as an associate attorney practicing in the areas of family law and estate planning. After working as an associate at the firm for five years, Laura went into solo practice in 2014, forming the Laura L. Schultz Law Office.

Laura is a member of the Collaborative Law Institute of Minnesota, International Academy of Collaborative Professionals, Minnesota State Bar Association, and the ARAG network of attorneys. Laura is also a member of Bloomington Rotary, Edina Federated Women’s Club, and the Edina Chamber of Commerce.

Laura’s primary focus of practice is family law. Laura believes that amicable resolution of issues is often possible, with the client being empowered to make decisions. In the event that litigation is necessary, Laura is an experienced litigator that has tried many cases to successful resolution. However, families that engage in the Collaborative Law Practice predict to have children that have healthier lifestyles and less mental health issues later in life.

Every case is required to go through a type of alternative dispute resolution. Laura is a Rule 114 Qualified Neutral, meaning she is qualified to perform Mediation and Early Neutral Evaluation of family law matters. Laura is also a Parenting Consultant and Parenting Time Expeditor, helping families resolve their disputes after their divorce or separation as co-parents.

Laura Schultz, Esq.
Attorney
Laura L. Schultz Law Office
Laura@LauraSchultzLaw.com | (763) 333-2525
www.lauraschultzlaw.com