The divorce process is sure to challenge you in many ways, including the manner in which you divide jointly held assets.
While property division has the potential to bring additional stress to an already difficult situation, mediation can go a long way in keeping you on track and allowing you to maintain some level of control over the process.
Here are the benefits of mediation as related to property division:
- You maintain control: With mediation, you and your soon-to-be ex-spouse negotiate and compromise on your way to finalizing an agreement. This is in contrast to litigation in which a family law judge has final say over your case.
- The opportunity to negotiate: Don’t go into the divorce process thinking you’ll get everything. Instead, go into the process with the idea that you can negotiate with your best interests in mind.
- Protection of your legal rights: For example, if you have individual assets, such as a motor vehicle that you brought into your marriage, you can make it clear during mediation that it shouldn’t be subject to property division.
Don’t shy away from mediation because you think you need a judge to guide the process. With the right approach, as well as the assistance of a mediator, you should be able to get on track and remain there until the process comes to an end.
Regardless of whether you’re faced with mediation or litigation, prepare for everything that could come at you in regards to property division. This allows you to formulate a plan for protecting your legal rights.