Divorce can be an expensive and emotionally devastating proposition, and many people turn to mediation as a less-stressful alternative. If you are considering utilizing a mediator for the property division that comes with marriage dissolution, there are several key aspects to consider, and a Hoffman Estates asset division attorney can provide the necessary insight and guidance.
Property Division Through a Mediation Process
Mediation is a good alternative when the divorce is amicable in nature and negotiation is deemed a viable process for reaching a resolution. A skilled Hoffman Estates asset division attorney can advise if the situation is appropriate and provide insight to the divorcing parties about what to expect during the process.
When a divorcing couple chooses to take their case to court, the judge has the final say on the outcome. This is often the only course of action for a couple that has a contentious relationship and negotiation will not work. Mediation is often the choice of divorcing couples that are amicable or are seeking a less stressful and more cost-effective solution.
Advantages of Utilizing Mediation in the Asset Division Process
Mediation is also a good choice for divorcing parties that do not want the proceedings to be a matter of public record. Negotiations are conducted in private and are not entered into the public record, nor are there any people present who are unnecessary to the process. An insightful Hoffman Estates asset division attorney can steer their clients to the process that is best for them.
If there are a lot of assets, substantial debt, or a co-owned business, your Hoffman Estates asset division attorney may advise against mediation due to the complexity of the case. However, in most amicable situations, the division of property through mediation is possible.
Fedor Kozlov, PC is a Chicago-based Family and Divorce Law Firm that represents its clients in all manner of family law cases. With locations in Chicago and Schaumburg, they are available to serve the needs of clients throughout the greater Chicago area.