Can mediation be beneficial in high-asset divorces?

On Behalf of | Jun 20, 2024 | Mediation |

Divorce is a legal option to end marriages, but proceedings can be limiting and complicated. You and your former spouse might prefer to settle issues out of court, especially if you share high-value and complex assets. In these scenarios, you can try divorce mediation instead.

This route can be viable for divorcing couples who are on good terms and can collaborate effectively. In contrast with court proceedings, mediation sessions can allow you and your former spouse to voice opinions and concerns while minimizing conflicts. This venue may also provide flexibility and less restricting communication between parties.

How can it benefit high-asset divorces?

Mediation can also help you and your former spouse resolve your asset-related issues, giving you more control over what happens to your properties. You can also involve valuable consultants and professionals, helping you and your former spouse understand what you should do. By working together, you can be more thorough when considering the specific needs of your children and other family members.

Additionally, mediation tends to be more discrete than going to court. You and your former spouse could limit who becomes involved in the process, helping you maintain privacy when dealing with sensitive information about your family and assets.

Knowing when mediation is appropriate

Many couples may prefer mediation over going to court because it can be less expensive and lengthy. Still, it is not always appropriate. Whether your divorce involves high-value assets or unique conflicts, seeking legal counsel might be necessary to determine if you can settle issues through mediation. It can be helpful to learn as early as possible if your case requires the formalities of court, which usually varies based on the circumstances.