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Mediation and Litigation

Why Divorce Mediation May Be the Best Decision for Your Finances

Posted on in Divorce

Los Gatos divorce mediation attorney for financial issuesWhen a couple makes the difficult decision to pursue a divorce, unpacking the various complications and issues that must be addressed in order to dissolve the marriage can be incredibly challenging. From child custody to the division of marital assets, it should come as no surprise that many divorces result in heated disputes. However, it is possible to avoid lengthy and costly legal battles by using divorce mediation. Couples who choose this option are often able to reach a divorce settlement that meets their needs while avoiding the financial costs of litigation.

How Mediation Can Help You 

Pursuing mediation as a means of reaching a divorce settlement represents the most collaborative option possible. You and your former spouse will be able to work together to resolve the various issues surrounding the dissolution of your marriage. When it comes to finances, there are a number of reasons why mediation can be the best choice, primarily because mediation can expedite the divorce process, saving you a great deal of time and money. 

Mediation can also enable you and your ex-spouse to work together to address the financial aspects of your divorce. This process will allow you to maintain a greater level of organization, including determining a workable budget for your ongoing income and expenses and addressing the tax issues related to issues such as asset division and child custody. If necessary, the two of you can work with a tax accountant to determine the strategies that will minimize the total amount of taxes that you will each pay after the divorce is finalized. 

Most importantly, mediation allows you to devise a strategy that will ensure that both you and your ex-spouse will be able to have a stable and vibrant financial future. In a combative legal battle, each party will be looking out for their own interests, but mediation allows you to work together to reach a mutually beneficial outcome to your divorce.

Contact a Los Gatos, CA Divorce Mediation Lawyer

Mediation offers you the ability to end your marriage in an amicable manner as you finalizing all legal aspects of your divorce. With years of legal experience in the state of California, Attorney Benita Ventresca is prepared to assist you throughout the entirety of the divorce process. During mediation, Attorney Ventresca will help you and your ex-spouse work in a cooperative fashion to resolve your outstanding legal issues in a way that is satisfactory to both parties. To schedule a complimentary initial consultation with a skilled Los Gatos family law attorney, call us today at 408-395-8822.

 

Sources:

https://www.smartaboutmoney.org/Topics/Family-and-Finances/Love-and-Money/How-to-Have-a-Happy-Financial-Divorce

 

 

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