Collaborative divorce is an alternative to litigation where both spouses are represented by their own attorney with the shared goal of reaching an amicable settlement without going to court. Key aspects include open communication between parties, using neutral specialists like financial planners to assess assets, and focusing on creating shared solutions for issues like child custody. The collaborative process aims to be less adversarial than litigation and less dependent on a third party like in mediation. It utilizes a team approach of attorneys, coaches, and specialists working together with the divorcing couple.