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Mediation can be beneficial in a high-asset divorce

On Behalf of | Nov 20, 2020 | Divorce

A marital breakup is one of life’s most stressful and challenging events. Not only is this experience often emotionally and psychologically devastating, but the divorce process can be drawn-out and destructive for all parties involved. No one really wins in a divorce. These days, many spouses in New York who go through a high-asset divorce are choosing mediation instead of litigation. Here are a few reasons why.

When spouses choose to call it quits, divorce mediation is a cooperative way couples can communicate and settle disputes in an impartial setting. Spouses meet with a neutral, third-party mediator who helps them work through issues and negotiate the end of the marriage as amicably and effectively as possible. The mediator cannot make decisions but facilitates communication and helps both spouses to reach a mutually accepted agreement.

Mediation can be beneficial for many reasons. Primarily, it may be the best way to minimize conflict as well as the destructive consequences of a marital breakup. Plus, the entire process is private and conducted behind closed doors. Instead of a competitive and conflictual process common in litigation, mediation supports an environment of cooperation and creativity in reaching decisions. Many times, communication skills and relationships are greatly improved through mediation.

Best of all, mediation is often the most cost-effective way to settle a divorce. Since the couple controls the process, mediation saves legal fees. It usually takes less time to settle issues with mediation as opposed to having the divorce proceed to court. The process of divorce may seem overwhelming and confusing, especially for high-net worth marriages. Any New York resident who has questions or is going through a high-asset divorce could benefit by seeking the guidance of a seasoned attorney.


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