3 benefits of mediation for your divorce

When couples with substantial wealth and assets decide to part ways, emotions can run high, and the litigation process can take time. One thing you might consider to help streamline your divorce is mediation. It offers a number of benefits for high-asset divorces, which makes it an ideal alternative to courtroom litigation.

There are several benefits to consider when deciding if mediation is right for you.

Mediation is cost-effective

High-asset divorces often lead to significant legal fees during litigation when the spouses disagree over asset distribution and need to litigate the settlement. Mediation offers a more cost-effective solution because the mediator can facilitate discussions and help you reach agreements on your settlement without the expense of litigation and the associated research and representation costs.

Mediation offers confidentiality

Many courts allow public access to proceedings, which means your personal conflicts can be open to public commentary and interpretation. Mediation protects your privacy and confidentiality with a closed environment for your negotiations. When you have substantial assets and a high-profile marriage, this discretion is valuable.

Mediation provides greater flexibility

When you litigate your settlement, you must abide by the court’s hearing schedules and requirements. You also lose control of the outcome of the situation. With mediation, you not only have the ability to schedule sessions when your schedules allow, but you both have greater control over the outcome.

According to the CDC, more than 689,000 couples divorced in 2021. With such a substantial caseload across the country, mediation can reduce the demand on the court’s time.