Can divorce mediation help me protect my finances?

couple with a lawyer

Traditionally, when a couple seeks a divorce they have to face litigation. However, in recent years, more and more couples have opted to pursue an alternative method of divorce known as mediation. Instead of couples having to attend several court proceedings to iron out the terms that will apply to the termination of their marriage. Couples can undergo divorce mediation where they attend a couple of sessions with a neutral mediator. The mediator’s mission is to help couples resolve their disputed issues to reach a mutually agreed upon divorce agreement. Divorce mediation not only allows couples to avoid litigation, but it can also save couples a significant amount of time and money. Sometimes the traditional divorce route is not the most suitable option for a couple’s specific needs, which is why couples must consider divorce mediation since it offers many benefits, including protecting their finances. Interested in learning more about divorce mediation? Contact a skilled Memphis, Tennessee Divorce Mediation Lawyer to learn how this legal process can benefit your needs.

How can divorce mediation help me protect my finances?

As soon as a couple decides to pursue divorce mediation, they are automatically protecting their finances. One of the most stressful and difficult aspects of a divorce is the division of marital property. In a traditional divorce, the court has full power over the division of marital assets. However, in divorce mediation, both parties have control over how their marital assets will be divided. Oftentimes, couples neglect to consider divorce mediation because they think the mediator has the final say over property distribution. However, that is not accurate. The unbiased third-party mediator is simply there to help couples reach a mutual agreement on the terms that will apply to the termination of their marriage. Divorce mediation allows couples to have control over the division of their hard-earned assets.

In addition, divorces even under the most favorable circumstances are emotionally overwhelming and stressful. Couples often make rash and spiteful decisions without thinking about the negative repercussions when they undergo the divorce process. Oftentimes, these rash decisions can lead to an unfair divorce settlement. However, with divorce mediation, an experienced mediator can help couples make smart decisions that will help them reach a fair divorce settlement. Furthermore, divorce mediation is a more affordable option. Traditional uncontested divorces can take a year or more to settle. This results in an array of hefty legal fees. Ultimately, divorce mediation is a practical divorce route for couples that are interested in protecting their finances.

To protect your hard-earned assets during a divorce, our skilled lawyers urge you to consider divorce mediation. Let out firm guide you through this alternative divorce route to help you protect your finances.