As with all other aspects of their divorce, couples in mediation are empowered to decide together the fairest way to divide their estate, rather than having judges, attorneys and the divorce court decide for them. This is the essence of mediation.
When it comes to dividing marital property, I always inform couples at the start of their mediation, equitable distribution does not always mean 50/50. Equitable distribution represents what is adequate and realistic for each party, based on their budgeted financial needs, future financial plans, earning capacities and so on. Once we work together to analyze the respective finances and future needs of each, it becomes more clear to the couple how the estate should be most fairly divided on a percentage basis.
Let's take a closer look at how we work together in mediation to divide property fairly:
Topics: Healthy Legal Options