Solving Marital Asset Disputes in Mediation
During a divorce, a couple’s assets must be divided to the satisfaction of both parties. These assets may include money, property, vehicles, and personal items. When partners disagree on the division of property and assets, it is the role of a mediation lawyer to step in and assist the couple to ensure that the divorce process can proceed. During divorce mediation in Baltimore , you and your spouse will meet with an agreed-upon mediation attorney to reach an agreement concerning your assets without the influence or mandates of a judge.
The Mediation Process
When you meet to solve a dispute over marital assets via mediation, you and your spouse will typically meet with your mediation attorney without the company of your divorce lawyers. Instead, the mediation attorney will provide any advice or family law information you may need during the mediation process. Once you have both signed a mediation agreement, you will discuss your concerns with the mediator, who will attempt to guide you and your spouse to a resolution regarding the way in which assets will be divided following your divorce. You may need several sessions with the mediation attorney to reach a satisfactory agreement. Once this agreement has been reached, your mediator will draw up a settlement agreement, which you and your divorce lawyer may review before signing.
The Benefits of Mediation to Divide Assets
There are several benefits associated with seeking mediation services if you and your spouse are having difficulties dividing assets during a divorce . The mediation process is confidential and informal, allowing you to reach an agreement without the oversight of a judge or in the setting of a formal courtroom. Additionally, the divorce mediation process is often faster and more cost-effective than an in-court settlement mandated by a judge. This process gives you and your spouse the opportunity to work out the division of your assets in a way that is acceptable to you both, rather than being forced to follow the decree of a judge.