For one reason or another, many marriages, especially second or third marriages, end in divorce. Older couples are more likely to have assets such as real estate, retirement accounts, investments and jewelry that need to be divided when the marriage ends. Couples who made a prenuptial agreement might be able to avoid the stress of dividing assets they worked hard their entire lives to obtain, but few couples take the time to create them. Instead of spending a lot of money, divorcing couples should consider mediation.
Benefits of Mediation
The greatest benefit of mediation may be the cost savings. When a couple takes their divorce case to trial, both attorneys may need to be paid out of the marital assets. This can significantly reduce the amount they have to divide in the end. Another benefit is that both spouses could be more likely to get the assets they want in mediation. When a judge decides a divorce case, the assets are typically divided based on a formula, rather than which spouse is more attached to each asset. This means that couples who chose to work with mediation attorneys in Temecula instead of attorneys who focus on litigation may walk away happier than if they fought until the end.
Drawbacks of Mediation
Although there are significant benefits to mediation, there are some reasons not to go this route. For example, spouses who are ending a violent or manipulative relationship may not benefit from working with Mediation Attorneys in Temecula. An experienced attorney from the Law Office of Michelle Penna may advise a client whether mediation could be beneficial for them. Both spouses should be committed to the mediation process before starting. This might involve needing to set aside anger and hurt to get the assets and debts divided quickly.
Mediation may be an effective way to resolve disagreements over assets and debts in a divorce. Divorcing spouses who need more information about this process can visit website. Those who want to further explore mediation as an option for their divorce can contact an attorney to schedule a confidential consultation to discuss the specifics of their case.
