Preserving Assets: How Mediation Can Help
Preserving assets is a common concern for couples going through a divorce.
If you are worried about the cost of divorce, you may have some questions about how you can divorce efficiently and save money. If you want to work on preserving, rather than exhausting, your assets during your divorce, you are not alone.
Divorce mediation may be a good option for you if you have concerns about preserving assets you and your spouse have worked hard to acquire. Divorce mediation is cost-efficient when compared to traditional divorce litigation. Traditional courtroom divorces can be expensive, mostly because of the attorney’s fees you and your spouse will have to pay. The cost of even a highly experienced mediator will often be less than the cost you both would have paid for attorneys.
Divorce mediation also allows you to be flexible with your financial arrangements. Massachusetts is an equitable distribution state. This means your assets should be divided fairly. This may or may not be an equal division. A judge will decide what is fair based off of relatively little knowledge of you and your family’s needs. Working closely with a dedicated divorce mediator may result in
an asset division that is fair and reasonable to you and your spouse.
Mediation is an ideal venue in which to creatively divide your assets in a way that preserves as much of your net worth as possible. Certain assets are difficult to divide, such as the family home or business. A skilled Massachusetts divorce mediator could help you divide your assets and debts in a way so you don’t have to sell or liquidate assets that may take a hit in value for the sake of a fair division.
Consider mediation if you and your spouse have concerns about protecting your assets in your divorce. It is wise to plan your divorce accordingly so you do not waste assets you could have held on to. All too often couples will fight for assets they believe they deserve, only to spend thousands of dollars on attorneys fees to win them. With this in mind, it is easy to see how mediation can help you preserve the assets you could have wasted if you chose to take your divorce to court.
Do you have questions about preserving your assets in the divorce?
Mediation Advantage Services can help. Experienced in divorce mediation, Polly A. Tatum can help you and your spouse successfully negotiate a separation agreement that preserves your assets and divides them fairly. Based in historic Worcester with a satellite office in Northboro, MA, our firm serves all cities and towns throughout Massachusetts and Worcester County including, Auburn, Paxton, Leicester, Sutton, Grafton, Shrewsbury, Westboro, Northboro, Southboro, Holden, Sterling, Princeton, Worcester, Charlton, Millbury, Dudley, Spencer, Brookfield, Sudbury, Natick, Framingham, Hopkinton, Milford, Blackstone, Leominster, Fitchburg, Acton, Jefferson, Barre, Oakham, Cambridge, Newton, Marlboro, Lancaster, Bolton, and Hudson. Call our office at (508) 795-1557, fill out our online form, or email us at [email protected] today to schedule your Complimentary Mediation Success Planning Session. You can also sign up for our eNewsletter or download our free e-book for more information regarding divorce in Massachusetts.