Is mediation beneficial in a high-asset divorce case?

On Behalf of | Sep 25, 2020 | Divorce Mediation

You and your spouse have been in a good financial position for a long time. You have many homes, vehicles and other assets that you need to divide when you divorce. Unfortunately, you don’t get along well, and you know that there is a chance that your spouse will try to take as much as they can.

In this case, mediation might be beneficial for you. Even though there is a lot to gain or lose, you may not want to risk going to court and having a judge make that decision for you. If you and your spouse can at least agree to come to the table to negotiate, then mediation will help you:

  • Save money
  • Save time
  • Limit the unfair division of your assets

The good thing about mediation is that it does take into consideration both sides of the case. You and your spouse both get time to speak and explain what you think and why. The mediator won’t tell you what to do, but they will provide guidance. Additionally, you and your spouse may have an attorney present so that they can help with legal questions or concerns.

The thing to remember about a high-asset case is that while you do have the money to spend on going to trial, going to trial could be costly. You may end up spending more than you expected or lose assets that you really wanted to get out of your marriage. You may actually end up with fewer assets after all costs are considered.

Negotiating with your spouse gives you more control. This is something to consider, especially if you have many assets to divide and want to be fair to one another.