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Keeping finances in check with divorce mediation

| Jun 5, 2018 | Divorce Mediation, Firm News |

Money is often a point of contention for married couples. At some point, most Kentucky couples disagree regarding finances, and some of those disagreements move into the courtroom during a divorce. One way to help keep finances in check when a marriage ends could be to use divorce mediation instead of battling it out in court.

As hard as it may be in the beginning, each party would probably benefit from considering the other when it comes to financial security post-divorce. Many people have the Hollywood version of a divorce stuck in their minds in which one party “takes the other to the cleaners,” essentially leaving one person with nothing while the supposed “winner” takes all. In reality, a Kentucky court would more than likely ensure an equitable division of the parties’ marital assets. Knowing this, couples may fare better by creating their own agreement, in which they retain more control over the outcome.

Another factor that often unintentionally sabotages negotiations is listening to unsolicited advice. During a time like this, couples often have friends, family and acquaintances who offer all sorts of supposedly sage advice. The problem is that those individuals may not know all the facts regarding a particular divorce situation, and every family is unique. What works for one may not work for another. 

As difficult as it may seem in the beginning, the parties should rely on themselves when it comes to negotiating a divorce settlement. They do not have to go it alone, however. Divorce mediation can provide an informal setting to resolve their issues with the added bonus of having experienced individuals around to help keep them on track and to assist with reaching the most mutually satisfying agreement possible.

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