How Mediation Can Protect You From Financial Harm
Divorces often involve the division of property, asset and other financial holdings including businesses. Often, one of the divorcee ends up getting more than they wished for. Needless to say, the other person ends up losing more than what they would have wanted. Since, no one wants to end up as the other person, couples try their best to avoid financial complications during divorce proceedings.
One of the best ways of avoiding financial complications is mediation. A good mediation lawyer should be hired by every couple going through divorce. Mediation will not only help you with your finances but also with your mental and physical state during the divorce.
Some of the ways in which mediation can protect you from financial damage are:
Financial insight
A mediation lawyer knows and understands the risks involved when huge finances are involved in a divorce. Mediation will give you a financial insight of the issues that will be faced by you during the proceeding. An understanding of the issues involved in asset division is critical in determining how much damage you’ll be able to sustain. Financial mediation will help you negotiate the division of property and assets in the best way possible.
Your future financial life will depend heavily on your current financial condition and if you lose more than you have to, it might have a negative effect on your overall finances. Mediation helps you take an informed decision that protects your financial assets from unnecessary damage.
Better communication and negotiation
Mediation is essentially a form of communication and through communication a means of negotiation develops that is particularly helpful in divorce proceedings. A mediation also helps you maintain good relations with your spouse which is another essential thing in a divorce. Having a bad spousal relationship during the divorce proceeding can be one of the reason why you lose out on financial assets. Understanding your partner through effective communication is a useful strategy that everyone should apply.
Conclusion
Financial damage incurred during divorce is a common phenomenon and is an important issue every divorcee needs to deal with. Mediation is the best way to stop unnecessary financial damage and protect assets and property from unnecessary depletion to pay for high attorney’s fees and costs. Mediation is especially important when a huge amount of finance or business is in question. No one wants to end up as the loser and mediation ensures that it is a win-win situation for both parties.
To learn more about the divorce process in California and how mediation can help, please visit our page, What is Divorce Mediation.
Gerald A. Maggio is a trained Irvine divorce mediator who has amicably resolved cases many cases out of court, as well as an experienced divorce and family law attorney. Mr. Maggio founded California Divorce Mediators in 2012 with the belief that although “not every marriage can be saved, every family can” and a mission to save families from the financial and emotional distress associated with traditional divorce litigation. California Divorce Mediators is located in Irvine, California, and serves the Orange County area and other counties in California offering divorce mediation, child custody mediation and mediation of other family law matters.
