When couples decide to separate, the division of assets frequently is one of the most highly contested issues. Feelings run high, and it’s not unusual for one or both former partners to dig in their heels.
Why Mediation is a Better Choice?
What’s the best way to end a stalemate over the division of assets in Champaign? Usually, couples that opt for mediation are able to find creative resolutions that meet their needs and wishes. When these matters are left to the judge to decide, most people end up angry and dissatisfied. Mediation is a better choice because both parties get to take part in resolving property issues, which otherwise can be incredibly contentious.
When a divorce involves complex or substantial assets, the proceedings quickly can become bogged down. This property might include real estate and the family home, jewelry, stocks and bonds, large retirement funds and business assets. Resolving so many potentially complex issues is rarely easy, but mediation can help the divorcing couple to find a constructive way forward.
Mediation Can Help You Avoid Costly Litigation
In fact, mediation over the division of assets in Champaign might help to expedite divorce proceedings as successful negotiations, which results in avoiding costly litigation. This is because mediation involves a neutral third-party mediator who facilitates conversation and redirects focus toward finding positive solutions.
By contrast, litigation is risky and expensive, sometimes taking years to resolve and leaving both parties hurt, angry and frustrated.
The mediator works toward dividing assets in a manner that is respectful and productive. This approach encourages both parties to seek solutions that are mutually beneficial rather than focusing on whether they are winning or losing.
Some Advantages of Mediation
It’s critical to foster this focus on positive solutions. Mediation helps the former partners to concentrate on rebuilding their lives and securing a better financial solution for everyone involved, including any children. People who participate in this process may even find that their relationship improves, which is crucial if the couple shares one or more kids and will have to continue communicating in the coming years.
Preparation is Key
Parties in this process usually undergo thorough preparation with their respective attorneys. It’s necessary to gather relevant documentation in advance. This may include appraisals of larger assets, five years of tax records, recent bank statements, and more. The more thorough the preparation is, the smoother the mediation process will be.
Need Help with Division of Assets?
Call (217) 531-2179 to speak with a divorce mediator at Rincker Law regarding the division of assets in Champaign.