Splitting assets can be a daunting task for divorcing spouses. Once they’ve decided to go their separate ways, they often have to determine what belongs to whom. Doing so can be difficult, especially if there is tension between the two.
Many looking to divorce may have heard litigation can be timely, hostile and expensive. For couples who want to ease emotional turmoil and financial setbacks when splitting assets, mediation may be a productive and cost-effective strategy.
Mediation can provide value
These are some practical tools mediation can bring to the table:
- Checklists: Each spouse often has to create a list of assets they share and discuss how they will be split, instead of having their attorneys conduct an investigation. Doing so can often help couples save money in the long run.
- Balance of power: In divorce proceedings, some partners may use intimidation and persuasion to gain a larger portion of marital property. However, mediators usually don’t allow one spouse to overpower the other. If this happens, the mediator may stop the session until both parties are ready to fully cooperate.
- Enforceable agreements: Once couples reach an agreement regarding their asset division, they often have to solidify their negotiation in writing and file it with the court.
The process can be beneficial for some
The divorce process can come with many ups and downs. Luckily, as more avenues for settlements become available, it can ease some of the hardships many separating couples face. For those wanting to split marital assets out of court, a Florida mediator can help both parties reach a satisfactory agreement.