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Can Mediation Help Protect My Finances in a New Jersey Divorce?

In the past, almost all divorces involved litigation. However, divorce litigation is becoming increasingly less common because this stressful process is often emotionally and financially draining. As such, more and more couples are turning to the alternative dispute resolution method of divorce mediation, enabling their divorce proceedings to be carried out as smoothly as possible. Divorce mediation has numerous benefits, as it can help save divorcing couples a significant amount of time and money. If you’re facing a divorce, don’t hesitate to contact a trusted Divorce Mediator in Ocean County who can help you protect your hard-earned assets. Please continue reading to learn how divorce mediation can benefit your finances.

What is Divorce Mediation?

Firstly, divorce mediation involves a neutral third party facilitating constructive negotiation sessions centered around a common goal of reaching a mutual agreement on the terms that will apply to the termination of the marriage. Divorce mediation can help couples resolve their disputed issues without going to court. This avenue of resolution is often less expensive and time-consuming than litigation, making it an attractive option for many divorcing couples. However, both parties must be willing to compromise and cooperate to negotiate a fair settlement.

Can Divorce Mediation Benefit My Finances in New Jersey?

Divorce mediation can offer numerous benefits to divorcing couples, particularly in safeguarding their hard-earned assets. By choosing this avenue of resolution over litigation, couples can retain greater control over their assets, placing them in a more favorable position than they would be in otherwise. It’s a common misconception that the mediator has the final say on the divorce settlement terms. However, in reality, both parties have equal authority over the decisions made regarding the terms that will apply to the termination of their marriage. In other words, a judge will not make decisions for the couple. Therefore, they will have the final say over their financial decisions.

Furthermore, mediators possess the necessary skills to effectively handle emotional situations during a divorce. Even couples on amicable terms can quickly become overwhelmed by the process, leading to rash and spiteful decisions. As such, spouses eager to move on with their lives may throw in the towel too soon, leading to an unfair divorce settlement. However, an experienced third-party mediator can help facilitate communication between the divorcing parties, assisting them in making smart decisions that protect their financial security.

If you need help protecting your hard-earned assets during a divorce, it’s in your best interest to enlist the help of a knowledgeable mediator. At the Law Office of Sarina Gianna, LLC, we are prepared to help guide you through these challenging times. Contact us today to discuss whether divorce mediation is right for you.