Preserving Financial Interests Through Mediation

 Posted on March 08, 2018 in Divorce

Dividing marital assets can be one of the most contentious issues in a Texas divorce, especially when a significant amount of money is at stake. In many cases, couples must resort to litigation and have a judge issue an order directing them as to how their assets should be divided. Litigating a divorce in court can be expensive, time-consuming, and emotionally draining, so it is important for couples to remember that it is possible to avoid litigation completely and reach a fair settlement through mediation. This option allows couples to maintain more control over the terms of their final arrangement, while also saving them time and money. For more information on whether mediation is right for you, please contact one of our Georgetown high asset divorce attorneys at your earliest convenience.

Property Division Settlement

Mediation offers divorcing couples an environment where they can work through divorce-related issues respectfully. These conversations are facilitated by a neutral third party who can help keep the parties on track, remind them of their goals, and ensure that emotion does not derail proceedings. There are other benefits to choosing mediation for a high asset divorce including the following:

• Mediation takes less time than an official trial, even when complex financial matters are involved;
• Mediation almost always costs less than litigation;
• Mediation gives the parties a say in the final disposition of their property;
• Agreements reached during mediation tend to be stronger and more enforceable because the parties voluntarily agree to their terms;
• Mediation allows the parties to keep sensitive financial information confidential and restricts access to the public; and
• The parties are able to negotiate more effectively on their own behalf because mediation provides a structured process that helps minimize the friction and defensiveness that are often present during divorce proceedings by creating a non-confrontational atmosphere.

Mediation gives divorcing parties the opportunity to negotiate for an outcome that suits their specific and unique objectives. This can be especially important during high asset divorces when substantial assets are at stake.

Unfortunately, not all couples are able to resolve their differences through mediation. In some cases, one spouse may refuse to mediate at all, while in others, couples attempt to come to an out-of-court agreement, but are unable to due to personal animosity or a basic disagreement about what assets belong to whom. In these situations, it is often necessary for divorcing parties to take their case to court, where a judge will step in and help divide assets as he or she sees fit. This can take significant power out of the hands of the parties, so it is important for couples to seriously consider mediation as an alternative to litigation.

Call Today for Help with Your Case

Please reach out to Powers and Kerr, PLLC to speak with an experienced Georgetown high asset divorce lawyer who can address your divorce-related questions and concerns. We are prepared to assist you throughout each step of your case.

Source:

https://www.huffingtonpost.com/j-richard-kulerski/what-most-people-dont-kno_b_1220249.html