Do you want a divorce? Do you have a lot of assets? If you do, you may think that going to court to finalize your dissolution is inevitable. The good news is, fighting things out in court does not necessarily have to be in your future. Alternative dispute resolution methods, such as mediation, can be used successfully when working through a high net worth divorce in Massachusetts.
Mediation is a process that involves both parties coming together to negotiate the terms of their divorce. They do this with a trained mediator present. The mediator’s job is not to help one party get a better settlement. He or she must remain neutral and simply work to keep the conversation going and help the couple reach settlement terms that are in line with state laws.
Choosing mediation does not mean you have to go through the divorce process without the assistance of legal counsel. It is often advised that each party retain counsel to at least review any agreed-upon terms before submitting anything for court approval. How much your legal counsel helps you through the mediation process is entirely up to you.
High net worth divorce cases have unique issues that need to be figured out. Unique and complex matters do not always require court intervention. Mediation is not a perfect process, and it is not for everyone, but for those in Massachusetts who are ready to put in the work and are willing to negotiate, it can be a great way to go. To learn more about divorce mediation and its benefits, please take a moment and visit our firm’s website.