What to Know About Navigating Property Division After a Divorce Mediation
Divorce mediation is becoming very popular for divorcing couples to come to terms with divorce settlements. Divorce mediation attempts to resolve things like property distribution after divorce, including child custody matters, child support and alimony, and debt distribution. Property distribution is one of the most talked about things in mediation. Here’s what you can expect.
How Can a Mediator Can Make the Process Smoother?
Property distribution during divorce can be challenging, but it doesn’t have to be. Many couples have found that working with an experienced mediator can make the process easier. The beauty of working with a mediator to distribute property during a divorce is that the couple maintains a lot of control over marital assets and how they will be distributed.
Divorcing couples are asked to bring a list of property assets to the meeting. The lists are used as talking points to help the couple agree. If the divorcing couple agrees, then the property list the couple provides becomes the property distribution list the court will order.
What Happens After an Agreement Is Reached?
If all goes well during discussions and an agreement can be reached about property distribution, then the distribution list will become a part of the divorce decree. The mediator has no legal power to uphold the agreement since only the court and the judge can do that. The information will be presented to the judge, who will decide.
However, in most cases, if both parties in the divorce agree to the distribution, then the judge will sign the order. Once the order is signed for the property distribution, the property can be distributed.
What Are Your Responsibilities?
Once property distribution is agreed upon, you will likely have a timeline to manage the distribution. For example, if it is agreed that your home will be sold, then you and your ex-spouse must cooperate with the home sale. It can mean going back to court if you or your ex-spouse are not cooperative.
Mediation is making it easier for couples to part ways. It’s an option for any divorcing couple or domestic partnership that concludes that splitting up is the best solution. According to the U.S. Census Bureau, about 5.5 million couples living together are unmarried. Whether you’re married or not, a mediator can help with all types of couple disputes and breakups. Call today to learn more.