Money is a significant factor in many divorces – but not all, as some couples separate with sufficient individual incomes to maintain their current lifestyles, while others may have more pressing issues to resolve, such as custody.
While it may seem as though money is less of a concern for high net worth individuals, it should actually be a higher priority to engage the services of a mediator Swindon to assist in resolving your finances as quickly and amicably as possible.
Although the law provides relatively few protections for the partner with the higher income – even prenuptial agreements can be overturned by a judge if the divorce case proceeds to court – the spouse and any dependents are protected.
As such, you will almost always be unable to agree on your finances or assets if doing so would result in a significant loss of lifestyle for your former spouse and any children you share.
Additionally, there is a risk of a disagreement arising over ownership of any assets or the division of the family finances, which can result in protracted divorce proceedings that cause much more heartache and cost significantly more in legal fees.
Again, if your case proceeds to court, you risk losing your ability to agree on an equitable division of assets, as the judge may impose their own legally binding decision.
In the worst-case scenario, the legal fees associated with a protracted and vicious divorce can completely deplete the family finances, leaving you with little to no of your previously high net worth to divide.
Clearly, there are no winners in such contentious cases, but with the assistance of a mediator, you can ensure that the proceedings are concluded more quickly and without incurring enormous court costs, and that the outcome is a fair representation of both parties’ views.
Engaging a mediator Swindon does not imply relinquishing control over your divorce negotiations – quite the contrary, as the mediator will act independently, but in the best interests of both parties and any dependants.
Rather than that, it’s a way to establish a middle ground, with an experienced professional equipped with the necessary legal knowledge advising both divorcing partners on what constitutes a reasonable expectation of outcome and drafting the framework necessary to enshrine that agreement in law.
This increases the likelihood of reaching a mutually acceptable outcome, with any dependants taken care of and the highest possible percentage of your net worth retained.
What is the process of family mediation Swindon?
Although family mediation Swindon has been a legal requirement since 2014, it was widely recognised prior to that date for its ability to expedite the resolution of cases while also saving on court costs.
During mediation Swindon, the mediator will speak with all parties involved and attempt to resolve your case in a mutually agreeable manner.
There are several advantages to this, even if you are unable to reach a final agreement without the case proceeding to court.
To begin, it provides some emotional distance to even the most contentious disputes by allowing you to communicate with one another through the mediator Swindon – and this alone can enable you to step back and assess the circumstances of your case objectively.
It can also help to keep cases involving children less emotionally charged, which is one of the primary reasons why mediation Swindon is now required in divorce cases.
Additionally, many people gain more dignity when they are able to negotiate the terms of their case without devolving into petty squabbles – again, the mediator provides the necessary distance.
Of course, there is no guarantee that a mediator will be able to resolve the case completely without resorting to litigation, but even if the case proceeds to court, mediation Swindon is usually beneficial to some extent.
By identifying areas of agreement and points of contention, it is possible to narrow the scope of issues that the court must address.
This enables your attorneys to work efficiently, resolving remaining points of contention without wasting valuable time in congested family courtrooms.
Additionally, it results in time and financial savings for all parties involved, as well as a less stressful process overall – all of which combine to make a compelling case for placing your trust in your mediator, regardless of how emotional or difficult your case may be.