Prior to beginning the mediation session, the mediator will request that the parties provide all of the financial information required to accurately assess the couple’s financial status. This information includes bank statements, tax returns, and asset valuations. Accurate and thorough financial disclosure is critical to identifying potential pitfalls and developing workable solutions.
During the mediation sessions, the mediator encourages brainstorming to generate possible solutions to the financial dispute. The mediator facilitates discussions, assists with negotiations, and helps the couple identify the most optimal financial solutions for each party. The mediator deploys techniques and strategies to ensure that the negotiation is fair, efficient, and productive.
Mediation is effective in helping parties avoid going to court over financial disputes. Litigation is often perceived as punitive rather than productive, which suits no one, mediation helps the couple communicate towards reaching agreement, without the fear of going through a combative and costly legal process.
Mediation offers a highly confidential environment that allows parties the freedom to speak openly without the fear of later exposure. Mediators cannot share discussions or any information gathered without express permission from the parties involved.
The benefits of mediation in resolving financial disputes in divorce cases are substantial. Mediation is a confidential process that provides a neutral third party to facilitate sensitive and cooperative discussions. Mediation is also highly flexible and convenient allowing the couple to schedule sessions to better work around their schedule. The mediator can also help the couple reach a mutually agreeable solution more efficiently than litigation ever could.
Today, more divorcing couples in Harpenden are using mediation to resolve financial disputes in a constructive and peaceful manner. Mediation provides the ideal forum to clarify all financial issues and reach a satisfactory settlement, saving time, and money in the process. At its core, mediation is driven by the goal of creating the best outcome for both parties involved, this ensures everyone’s best interests are met. If you are experiencing any kind of financial dispute during a divorce in Harpenden, consider mediation for resolving any disputes you may have so that you can return to an amicable, positive and respectful relationship with your partner.