Things to know about Divorce Mediation - PowerPoint PPT Presentation

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Things to know about Divorce Mediation

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How best to divide real estate during divorce. Division of Marital Debt. – PowerPoint PPT presentation

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Title: Things to know about Divorce Mediation


1
Things to know about Divorce Mediation
2
  • Divorcing someone can be a painful and stressful
    situation, often lasting for years as the couple
    try and negotiate leaving each others lives and
    how to best handle the situation. It is a very
    tricky and hurtful process to navigate,
    especially if it is affecting other people in the
    couples family and circle of friends. This is why
    it is best to find the best mediator possible, to
    make the whole process a lot smoother. There are
    several steps that a divorcing couple can follow
    to help the decision less painful and to ensure
    that there is a minimal impact on both themselves
    as well as for those who love them.
  • If two people also know what to expect before
    they enter into divorce mediations, this may also
    make the entire process less daunting and lessen
    the emotional distress. Even though it may seem
    painful, it is best to remember that divorce
    mediation might cost less money and be less tough
    than contested litigation, so it is best for
    divorcing couples to thoroughly research their
    options before going through with anything.

3
  • So, what happens during the divorce mediation
    proceedings?
  •  
  • No matter what happens, nor what the situation or
    extenuating circumstances are, divorce mediation
    proceedings will always be complicated and
    upsetting. Unfortunately, there is no way to
    prepare for this. However, it is possible to
    research and thus understand exactly what will
    happen during divorce mediation, just to make the
    process smoother. A divorce mediation is when an
    objective third party (neutral from both sides of
    the case) helps the divorcing couple decide
    outcomes on various legalities that occur while
    undergoing divorce. This will typically be
    through a court appointed session, but private
    mediators are also available to those who would
    prefer that. (It is worth noting that a private
    mediator will most likely be more expensive than
    a court appointed mediator, but some people
    prefer them as they only work for themselves and
    may be more invested in the case). Mediation will
    usually consist of a few different negotiations
    and business points alimony, custody of any
    animals or children, the allocation of physical
    property, the allocation of separate retirement
    accounts and the division of any outstanding
    debts.

4
  • Will the mediator make the decisions for the
    divorcing couple?
  •  
  • No. It is not the job of the mediator to actually
    make the decisions for the ex-couple they are
    presiding over, that is not their role within the
    proceedings. A divorce mediators job is to
    ensure that both sides of the case understand
    what is going to happen and the implications of
    all the decisions they make independently. The
    thing that divorce mediators have to watch out
    for is how their thoughts about the situation
    come across to the separating parties. Every
    divorcing couple will be different, even if the
    circumstances may seem similar and a good
    mediator will be able to navigate this
    accordingly it is always best to find an
    experienced mediator with those qualities.

5
How best to divide real estate during divorce
  • Navigating the painful realities and legalities
    of divorce proceedings and separations can be a
    long exhausting process that a lot of people
    experiencing it have never gone through before.
    There are so many different fields and matters to
    get through, all of which can take years before
    the motion to divorce is officially recognized by
    the courts. This is a very brutal process and it
    can be murky and underhanded to experience for
    the first time. Dividing up the land and property
    can be a difficult situation that at the time
    could feel near impossible to do responsibly and
    reasonably. While it is a sad time that many
    people have gone through, that does mean there is
    to advice and tips available to divorcing couples
    who are about to embark on divorce mediations.

6
  • There are several factors to be considered when
    it comes to dividing real estate between
    ex-partners. It is a long and arduous process
    that is often superseded by drama and anger. It
    is best to look into these different factors
    extensively before anyone starts to actually
    divide the physical property. There are so many
    factors when it comes to real estate division
    proceedings because there are actually no set
    laws or regulations regarding real estate
    division during divorce. These factors
    (considered by the solicitors and courts)
    include the value of the property in question,
    income of those involved, age, financial
    resources, duration of the marriage, contribution
    of the person to the family, welfare of children
    and others such as the value of benefit to each
    spouse.

7
  • Sometimes, divorcing couples are civil and it
    will be a simple case of selling up the property
    and equally dividing the money and benefits from
    the sale. However, this is mostly if there are
    children involved or if the marriage was not that
    long. But there are many extenuating
    circumstances that require real estate division
    guidelines to be adjusted accordingly. This can
    be due to any one thing, such as one half of the
    couple bringing more money into the relationship
    or if they already had another home at the
    beginning of the marriage. Then things will be
    adjusted to make the split of the real estate
    even and fair to both parties.

8
  • If it is possible, try to avoid taking the split
    of property to court. This could stretch out the
    proceedings and make things harder and more
    painful. If it is doable, exhaust every outside
    option of divorce mediation before considering
    the court. Court takes away all control and is
    costly. Manage any finances with what is called a
    divorce calculator this will give people a good
    idea of what they are owed before they enter into
    settlements. After that, it is important to
    decide what is going to happen with the property
    the couple needs to decide whether they want to
    sell the property or whether one of them wants to
    stay in the house. Follow the steps and the
    division will be easier.

9
Division of Marital Debt
  • Divorce can be hard enough and it can be
    difficult to understand everything that needs to
    be divided up between the ex-couple. Certain
    things can be overlooked and forgotten during the
    procedures, certain things such as debt. Money
    can sometimes be the last thing on someones mind
    when they are going through the many steps of
    divorce and separation. However, the division of
    marital debt is vitally important for the future
    finances of each half of the divorcing couples
    it simply cannot be overlooked, no matter how
    hard it may seem to talk about at the time. There
    are rules and regulations in place that can
    support the ex-couple as well as make sure that
    the division of debts are fair on both parties.

10
  • The debts accumulated during the marriage are
    usually divvied up between the two people and
    then deducted from the family assets. The net
    assets are typically also shared but this will
    depend on the circumstances. However, there are
    certain circumstances that mean the court will
    look more closely into the debts owed by the
    divorcing couples, this will mean that the debts
    are analyzed more closely. For example, the court
    will look at whether the debt accumulated for the
    benefit or enjoyment of the family or whether
    they were taken out for one of the parties for
    their individual gain. Individual gain, for
    example would count as cosmetic surgery or
    personal hobbies. Benefits for the family would
    be something along the lines of a family holiday
    or improvements within the family home.

11
  • Another thing that is also taken into
    consideration is the timing of the debts and when
    they were taken out. To speak generally, the
    court will divide debt responsibility between two
    people if it happened during their marriage,
    however, if one party entered into the marriage
    with a large amount of debt already accredited
    then the court will look at things differently.
    Usually the ruling would decide that the
    individual is responsible for their own debt but
    sometimes this is not the case for those who have
    been in long term marriages. But typically, the
    debt belongs to the person whose name is on it.

12
  • It is vitally important that debt settlement
    issues are sorted out before the divorce
    proceedings and the paperwork actually goes
    through. Bankruptcy from an ex-spouse can ruin
    any financial future an individual may have
    moving forward with their live, so it is best to
    go through the process before the divorce is
    official. That is why it is advisable to transfer
    the name of any debt during the separation onto
    the party that ran it up. This will potentially
    create some tension to an already difficult
    situation, but it does need to done to ensure the
    financial safety and responsibility of each
    party. So divorcing couples should transfer
    balances to other credit cards or consolidating
    the balances with yet another loan. It is a
    difficult conversation that is vital though.
    During divorce each party must take into account
    their own futures.

13
The End
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