In the United Kingdom 33.3% of marriages end in divorce. Although all of these have ended in the dissolution of marriage vows, some have cause more grief than others.
The divorce process can really tear families apart more than the actual divorce itself. To ease tensions when getting a divorce many couples have sought out financial mediation for divorce.
Keep reading to learn more about financial mediation and how it can help you divvy up your assets.
What is Financial Mediation?
Modern divorce proceedings are finance centric. The proper separation of assets is vital to both party’s financial future. Financial mediation provides the opportunity to manage this separation while currying to both parties’ needs.
During financial mediation, a skilled mediator is brought in to facilitate a conversation between both parties without a judge present. In a typically divorce hearing, the judge would make an inflexible ruling that both parties had to live with. Solutions created by a mediation session are brought before a judge for a final review.
Enlist an Expert Mediator
Your divorce mediator should be someone that both parties feels comfortable with. This will help them facilitate and open and honest conversation. Both parties should have an equal say when it comes to picking a mediator- this way neither party feels a “homefield advantage”.
When it comes to financial mediation, the mediator would also be familiar with the types of assets the couple has and cost of living for the area. This way they can ensure that neither party is left without the essentials.
Creative Solutions
Mediators will explore the underlying motives and positions of each party and work to develop a compromise that will satisfy both parties interests. This may be a creative childcare program or a unique division of assets.
Mediation works because it takes place outside of a family court. Outside of a courtroom, people are able to create an agreement that works best for the family. Judges are brought in to strictly follow the law, not provide healthy alternatives that may lead to a civil compromise.
No Risk Divorce Mediation
When you go through a mediation, both parties come to the table to have a civil conversation about the division of assets. This conversation puts neither party at an additional risk because no one is required to sign an agreement before reviewing the agreement with a lawyer.
Your lawyer is typically left out of the initial conversation, because they may be viewed as a conflict escalator. In lieu of a lawyer, a mediator is present. A mediator specializing in neutralizing tensions and is trained to facilitate these conversations in an unbiased manner.
Cost of Mediation
The cost of hiring divorce lawyers for an entire legal battle can be extremely costly. Divorce mediation is viewed as a cost-effective method to divide finances. Get a quote on the cost of divorce mediation at mediateuk.co.uk.
Use Divorce Mediation
Sadly, marriages are going to continue to end in divorce. However, with the growth of mediation spouses can maintain a healthy friendship and have a say in the division of assets.
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