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Benefits of Mediation During a High Asset Divorce

There are several benefits to using mediation during a high asset divorce. If you are considering a divorce, you should know that mediation is an option for resolving your dispute. If you have children or property at stake, it may be wise to consider mediation as your first step in resolving any issues with your spouse. This article will discuss some benefits of using a Daytona Beach mediation attorney during a high asset divorce. 

Mediation is a Process

Mediation is a process in which the parties and their attorneys participate. The mediator’s job is to help the parties communicate their needs and interests, explore different solutions, develop an agreement that addresses those needs and interests, and reach an agreement that both sides can accept. 

Mediation is confidential—the communications between the parties are not disclosed to anyone else unless all participants agree otherwise. Mediation is voluntary—both spouses have to consent for mediation to proceed. And finally, mediation can be conducted at various times during your divorce process because it allows flexibility in scheduling and cost (since it’s generally less expensive than litigation).

Mediation is Private

Mediation is a private process, and the mediator is neutral so that neither party can access information about the other person’s finances or personal life. The mediator does not make decisions for you; they simply help you collaborate on an agreement that works for both of you in the best interests of your children, family members, and other loved ones.

Mediation is Voluntary

The most important thing to remember is that mediation is voluntary. You can choose to meditate, and you can decide not to meditate. If you choose to intervene, this does not mean you are giving up your right to pursue litigation if mediation fails. The final decision about whether or not to resolve a case through mediation belongs to each client, who should weigh all factors before making a decision as important as this one.

Mediation is Inexpensive

Indeed, mediation is a less expensive alternative to litigation, and it can save you significant money by allowing your divorce to be resolved outside court.

Also, since the parties are negotiating directly with one another rather than relying on lawyers and other third-party professionals who may not have as much knowledge about their case or the best interests of their clients as they do themselves, they can reach an agreement that suits them both better than anything a judge would likely impose if no direct negotiations were occurring between them.

Mediation is Flexible

Mediation is flexible, and you can choose the location and mediator, as well as the time and topics of discussion. This means that you are in control of the process, allowing you to make informed decisions about your future.

Daytona Beach Media Attorney: Conclusion

Mediation may be the best option if you are considering a divorce and want to avoid long-drawn-out court battles. Mediation will allow both parties to sit down with a neutral third party who will help them devise a plan for these issues. During high asset divorces, mediation can be beneficial for protecting your privacy and assets. 

Mediation aims to resolve disputes and reach an agreement that both parties can live with going forward. Here at Cobb Cole Attorneys at Law, our Daytona Beach mediation attorneys can help you move forward with your life; contact our office today to schedule a consultation

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