Strategies For Equitable Division Of Property During Divorce
When you get married, you share your life and that includes many shared possessions. You may come into the marriage with a few things, but between wedding gifts and things that you accumulate together over time, you build quite a collection of furniture, appliances, jewelry, exercise equipment, photos, and more. But, in addition, if you own your home, a vehicle or other property, this must also be split if you decide to divorce. You must also split assets that you share (think retirement, savings, investments, etc.). This can be an overwhelming process even in the best of circumstances. Fairly dividing your assets
Fortunately, divorce is not something that you generally go through very often in your life. A divorce is never exactly expected or planned for so when you decide you are ready to move forward, you likely have a lot of questions about the process. Most individuals assume that the only way to settle a divorce is to go through the court system. However, divorce mediation has become a very viable option for settling all terms of a divorce, without having to set foot in a courtroom. If you are not familiar with how divorce mediation works, here are five important facts that can provide some information to help you decide
A divorce agreement is the written document that outlines the decisions (or agreements) that you make with your ex about the outstanding issues in your divorce. Very often, a divorce agreement covers the division of all of your joint property (including assets and debt), an outline of your parenting plan and/or custody agreement and spousal or child support (if necessary). Johnson Mediation can help you through the process of developing your divorce agreement through the mediation process, rather than having to go through the litigation
It is estimated that between 70-85% of cases that go through mediation are settled. When you stop and think for a second, that is pretty remarkable, in large part because each and every one of those cases are trying to settle a dispute. The two parties often do not agree about how the dispute should be settled, so they need professional assistance to sort this out. When it comes to divorce, the disagreements between the two parties are compounded by the emotion, sadness and pain of realizing that your marriage is over. Mediation is considered so effective that the Minnesota court system is now recommending that all divorce cases go through mediation before going through the courts. If you are coming to terms with the idea of a divorce
When you and your family are going through a divorce, you may feel overwhelmed and unsure how to proceed. Even small steps forward may seem like giant leaps, and you and your ex may disagree about just about everything. Johnson Mediation has developed a comprehensive approach to the divorce mediation process so that we can meet the needs of our clients. Divorce is a complex process with many different – very important – steps. It is a pivotal time in the life of your family and the mediation process can actually help determine how successful you are at co-parenting and communicating once the divorce process is complete.
Over the last several years, the courts in Minnesota have started to require that couples attempt an alternative dispute resolution service like divorce mediation before moving forward with litigation. You may wonder why the courts are trying to push couples away from the traditional court system. Here are some of the reasons:
