Mediation helps couples get through the complex and emotionally charged process of dissolving their marriage. While mediation is not appropriate in all divorce cases, it is an increasingly popular option in cases involving substantial assets and high-net-worth individuals.
High-value divorce cases involve significant assets, properties, investments and intricate financial arrangements. In such cases, mediation offers several advantages for many couples.
Decreased expense and time
According to the latest statistics from the New Jersey Courts, there are approximately 3,973 marriage dissolution cases that are currently in backlog. It can take over a year for a typical divorce to make its way through the court system. High-value divorces often result in lengthier legal proceedings.
Mediation is a more cost-effective alternative to traditional litigation. It allows couples to work together to find mutually agreeable solutions. This has the potential of saving them considerable time and money.
Increased privacy
Mediation also provides a more private and confidential setting than a courtroom. This is valuable for high-profile individuals who may wish to avoid public scrutiny. In these situations, the disclosure of financial information and personal details can have serious consequences for both parties.
Greater control
Couples have more flexibility to negotiate terms and settlements when they choose mediation. It gives them greater control over the outcome of their divorce rather than allowing a judge to make these decisions. This level of control may be desirable in high-value divorce cases that involve complicated financial portfolios, businesses and other complex assets.
Mediators are highly-trained professionals who foster communication and guide couples toward agreements. They can help couples identify their priorities and address their concerns. This helps them create a divorce settlement that reflects their individual needs and those of their family.