In recent years, couples have opted to take an alternative route to litigation when it comes to their divorce. Nowadays, many couples are choosing to pursue divorce mediation. Divorce mediation is a divorce route where the couple attends several meetings where an unbiased third party mediates the couple’s disputed issues to help them reach a mutual agreement on the terms that will apply to the termination of their marriage. There are numerous benefits to divorce mediation. Successful divorce mediation can save couples a significant amount of time and money. If you are seeking a divorce, don’t hesitate to contact our trusted Rockland County Divorce Mediation Services. In addition, please continue reading to learn about the different ways divorce mediation can satisfy your needs.
How can divorce mediation help me protect my finances?
One of the most stressful aspects of a divorce is the division of assets. However, when a couple chooses to pursue divorce mediation, they can control the way their marital assets are divided and distributed. In a traditional divorce, couples often have to pay a substantial amount of money in legal fees as the process of property distribution can take a long time to settle. In addition, the division of assets is typically out of the couple’s hands as the court decides how their marital assets will be divided. New York is an equitable distribution state which means that marital property is divided fairly, not necessarily a 50/50 split. This can lead one party to feel as if it were an unfair distribution. However, through mediation, a mediator can help couples reach mutual terms for an equitable settlement. This makes divorce mediation extremely cost-effective as it saves couples a substantial amount of money in attorney and court fees. As mentioned above, divorce mediation can save couples a significant amount of time. In general, divorces are extremely expensive. However, when couples have to attend several hearings about child custody, child support, division of assets, and other important matters it can make them exceedingly more expensive. Any time couples have to attend a hearing or talk to their attorneys they will be charged a large sum of money. If divorce mediation is successful it can take only 2-3 months. However, a traditional divorce can take over a year to finalize. Essentially, the less time a couple has to spend in litigation and the less time they have to speak to their attorney, the more money they will save. Ultimately, by avoiding litigation and allowing couples to have control over the terms that will apply to the termination of their marriage, divorce mediation is a cost-effective divorce route.
If divorce is imminent, please don’t hesitate to reach out to one of our experienced and skilled mediators who can help you understand how divorce mediation can save you a significant amount of money. Our firm is committed to helping our clients reach a mutual agreement on the terms that will apply to the termination of their marriage.
