Getting a divorce is something no couple ever anticipates once they say their “I do’s.” For most couples, they expect their marriage to last until they grow old together, sitting on rocking chairs and reminiscing about the “good old days”. However, when a marriage falls apart and you are faced with a pending divorce, it can be one of the most stressful experiences of a person’s life. Perhaps even more stressful than going through the life changing divorce is knowing that you have to sort out finances. When a married couple goes through a divorce, it is very important to adequately prepare for the divorce settlement negotiation so they can protect their interests and finances and be more secure in the long run.
Meeting with a mediator for divorce can help facilitate the discussion for settling finances, but it is important to be prepared when meeting with the mediator. When you are preparing for a divorce settlement negotiation, you need to know all the assets and liabilities that both parties have which need to be divided between them. In order to adequately understand the extent of your finances, you should start by gathering up relevant financial documents. Documents such as tax records, bank account numbers and statements, investment account numbers and statements, stocks and bonds, retirement account or pension plan information, mortgage documents, auto leases, loan documents, credit card numbers and statements, and evidence of inheritance or gifts to one spouse, should all be gathered up in advance of your meeting with your divorce mediator.
A budget is also another important factor to determine when couples are going through divorce settlement mediation. Each spouse should review his or her personal finances in an effort to determine not only their monthly income and expenses, but also to determine how much the spouse may need for spousal or child support. During this time, it is also important to decide whether it is financially feasible for one spouse to keep the marital home or if the house will need to be sold.
Working with a Riverside divorce mediator can also help couples in determining the needs of their children. The couple should take the needs of the children into consideration when considering the divorce settlement as it relates to custody arrangements. The parties need to come to an agreement to determine which party will have primary custody and how the visitation arrangement will work. It is very important for the well-being of the children for both parents to spend time with the children, and working with your mediator will help reach an agreement that is fair to both parties.
Going through a divorce can bring up a lot of hard feelings and emotions and in some cases, the bitterness of a divorce may lead to either party wanting to hurt their spouse financially or emotionally during the proceedings. Working with a mediator for divorce can help the couples come to agreements that are fair and help guide the negotiations so that the emotions do not play a big part in the divorce settlement. While a divorce mediator cannot make the decisions for the couple, they can work with the couple to reach agreements that are presented to the court for approval from a Judge. Divorce is never easy, but working with a professional mediator can help ensure the process is fair without the hassle and stress of dragging the divorce through family court proceedings.