T. Boone Pickens: Collaborative Divorce Process Saved Me Millions

Collaborative divorce is a process that leverages the unique skills and talents of attorneys, financial professionals, and mental health professionals to keep private family matters out of the public arena of the courthouse, and famed billionaire T. Boone Pickens is a fan.  The following is an excerpt from the Dallas Business Journal:

Billionaire T. Boone Pickens is clearly a man who knows a good deal when he sees one.

That’s why he used a collaborative divorce approach in his recent parting of ways from his fourth wife, Madeleine.

Pickens told a room full of lawyers about his experience Friday during a lunchtime panel in Dallas.

The State Bar of Texas didn’t let me into the room for his talk, saying it was a paid, private event, but I was able to grab a couple of comments from Pickens on the way out of the Hotel Palomar.

The collaborative approach saves both money and emotional wear and tear on families, the energy tycoon told me.

“Collaborative law keeps everything on a high level, and everybody cooperating,” Pickens said.

I asked him how much the collaborative approach saved him?

“Money?” he deadpanned. “About $100 million.”

He cracked a smile and revised his answer to “several million.”

Pickens is such a believer in the process that he gave the Collaborative Law Institute of Texas $100,000.

Collaborative divorce does not save money in every situation, but it is a useful tool in cutting through the costly posturing that comes with the average litigated divorce.

If you have questions regarding collaborative divorce in Florida and you wish to speak with a trained Tampa Bay collaborative divorce attorney, schedule a consultation with The Law Firm of Adam B. Cordover, P.A., at (813) 443-0615 or by filling out our online form.

Adam B. Cordover is the Vice President of the Collaborative Divorce Institute of Tampa Bay.