Money issues during separation are fairly high-stakes and often complex. At the conclusion of your divorce, the financial decisions will be legally enforced. This means your finances in the future will be affected by what is decided during divorce. How do you ensure that your financial arrangement is fair and reasonable?
Divorce mediation is a good option, as it’s a process where a trained mediator can help you and your spouse iron out money disputes while protecting both of your financial futures.
Money And Property Disputes Resolved In Mediation
There are many areas in legal separation where couples may not see eye to eye, but mediated divorce has repeatedly proven effective in settling these tricky issues. Financial conflicts resolved through mediation include:
- Alimony/Spousal Support
- Child support
- Division of marital property
- Division of marital debt
- Family businesses
- Joint account division
- Retirement funds
- Taxes, such as those related to property or support payments.
If you have a financial or property dispute that seems especially complicated, don’t hesitate to talk to us at Holcomb Law to see how we can help you. Over and over again, we’ve used our in-depth background in Virginia law to successfully find solutions to challenging money matters. We can help you and your spouse do this, too.
Reasons For Mediating Your Money Conflicts
Why should you choose to mediate instead of battling out your financial dispute with attorneys? Though a few cases might actually need a courtroom, in a vast number of disputes, mediation is especially recommended for particularly thorny issues like money matters. Here are some great advantages of financial mediation in divorce:
- You make better decisions. We cannot stress enough how important it is to be heard when working through financial decisions. In mediation, the emotionally-charged process of divorce is moderated, so all parties are able to communicate more clearly and avoid costly mistakes.
- You’re in control. Traditional litigated divorce results in court orders. This means that the court will decide for you and your spouse, and both of you will have to live by those decisions that you didn’t make. But in mediation, each of you decide for yourself the desired course of action, and your mediator can guide both of you on how to get to a fair result.
- You get fair and equitable arrangements. Since the goal of mediating is to find solutions that work for both you and your spouse, your mediator will ensure that neither of you takes advantage of the other. This is unlike divorce litigation where parties fight aggressively, and the result is unknown until “The stranger in the black dress” decrees it.
Why Hire A Hampton Roads Mediator?
There are many licensed mediators in Virginia, and there are also lawyers who are likewise licensed to negotiate. What is the advantage of enlisting a lawyer-mediator instead of a regular mediator?
Remember that money matters are not just about counting and dividing – these issues are closely intertwined with the law. Most financial disputes hinge on legalities, whether it’s alimony, child support, or even ownership of property. Because of this, it’s important to have guidance on the law and legal arrangements. These are crucial factors in making a legal agreement that’s sound, enforceable, and fair.
It takes years of education, training, and experience to effectively tackle these legal factors. In this regard, a lawyer-mediator is best qualified to handle them. As a lawyer, he or she has close familiarity with the law and its applications; as a mediator, they can use this proficiency to show you and your spouse your best financial options.
The lawyer-mediators at Holcomb Mediation Center are experienced and ready to listen to your particular situation. Give us a call at (757) 509-7832 to consult.