How Does Mediation Work?
By Bob Bordett,Certified Divorce Financial Analyst,Collaborative Divorce,Divorce Mediation
Mediation is voluntary, private, flexible, and confidential. The process continues for as long as the parties and mediator want it to. Each party involved can make their own decision regarding their agreement, allowing them to decide what is best for themselves and their family. Each party may choose to have an attorney present if they wish.
Mediation does NOT mean your dirty laundry is aired for all to hear.
Major issues that are covered during mediation are:
Child support and alimony
Distribution of assets and liabilities
Taxes, cash flow, and retirement accounts
The mediator involved is neutral — they don’t work for either party, they work for the process. The mediator assists the couple to formulate ideas, providing an open and free exchange of information so couples can negotiate in confidence, knowing they are both working off of the same information.
Though there are several different mediation models, the one I choose to work in is called Integrated Mediation. This model was developed to address the demand for a more flexible and streamlined process. Couples want to work with the professionals they need, when they need them.
Another benefit of Integrated Mediation is the potential for a faster resolution. It allows couples to work with a divorce coach on individual or parenting issues, a financial neutral on financial issues, and their attorneys to draft settlement agreements.
If you are interested in learning more about Integrated Mediation and how this model might be right for your divorce, contact me today.
The Inside Scoop on the New Mortgage Rules from an ExpertRobert D. Bordett CFP, CDFA
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