Financial Mediation

Are you struggling to sort finances out between you both?

Couples separate and need mediation to resolve

Financial Mediation

How do we split our finances?

In mediation, couples have control over their decision making when it comes to financial matters and that’s why mediation is the first choice when couples divorce or separate.

When you and your partner are going through a divorce, there is a need for both of you to go to mediation.

Financial Mediation is different from marriage counselling in that when you and your partner go to the marriage counsellor you going to get advice on how to save your marriage.

While in mediation couples who are getting divorced meet up and make arrangements regarding their kids and financial status.

Will financial mediation work?

If you have decided on separation and wanted to get a divorce and you don’t want to involve the court in all your decision.

Then hiring a mediator is a good option, you get to talk about your feelings, and you end up having a mature relationship with your partner even after divorce.

Benefits of Family Mediation:

Financial mediation is a smooth way to have an easy separation without involving the court.

When couples have reached an agreement, and they want to divorce they result in seeing a mediator.

A mediator helps in settling disputes over money, child maintenance, and property and living arrangements.

This allows a smooth separation without involving the court and without imposing trauma to the kids. Additionally, hiring a mediation allows you to have a clear idea of how you will separate all the assets you acquired together.

Mediation provides the couple with a safe space to talk about all their problems without anybody judging.

The couples are given a chance to come to terms with the practicalities of separation and what it entails to get a divorce.

Unlike marriage counselling where one spouse can attend the meeting in mediation, both parties are supposed to be there to make everything run smoothly.

After each session, the mediator hands you a document that you are supposed to sign and show that you agree with the said proposals.

Additionally, hiring a mediator will save you money since a mediator costs less as compared to going to the court.

Financial Mediation allows both you and your partner to put out their issues and be heard by both sides. It allows you an opportunity to express your feelings and state your point of argument.

In mediation, you get to learn how your partner feels and how you will both move forward and maintain a smooth relation.

For family members mediation circumstances that aid households negotiate to setups, lawful assistance is available where:

  • You obtain divorced, after that you need to work out financial plans
  • Child contracts have actually been broken down, so you don’t see your children.
  • Any dispute complying with a malfunction in the family might end up in court.
  • You ought to make inquiries for legal assistance at your preliminary family members arbitration appointment (the MIAM).

If you divided from your partner, there are a selection of options to select and consider. For instance:

From now on, where you will certainly live and also where your friend will certainly live,

If you have kids, where they will live, and what plans are there for them to see the other parents

This involves financial obligations and financial investments, what to do with money and personal belongings you have acquired together.

How Family mediation Works
  • Family Mediations can be informal.
  • In such a case a friend or a family member could mediate between the couple and try to find common ground.
  • It can also make a formal context.
  • This is where a qualified professional is invited to help resolve the issues affecting the couple.
  • The mediator encourages open communication during the session.
  • Here, each member gets to air their side of the matter and the mediator suggests possible solutions.
  • After the discussion of the issues and possible resolutions as attained, the mediator then drafts an agreement.
  • It requires both parties to review and consent to the agreement by signing against it.
Why mediate?

Family mediation is one of the best options to resolve conflicts between family members.

Due to its dynamics, it saves time and also resources.

Sometimes couples are beyond mediations and unfortunately, the court has to decide on their disagreements.

Before this escalation, Family Mediations could really be beneficial. Seeking mediation services beforehand is therefore very crucial for better results for both parties.

No matter how small the issues it’s only a matter of time for them to pile up into a huge mess.