When couples decide to separate, the division of assets is usually one of the most highly contested issues. Emotions run high, and it is common for one or both former partners to feel angry.
Learn Why Mediation is a Better Option
What’s the best way to end a stalemate over the division of assets in Illinois? Usually, couples that opt for mediation may find creative resolutions that meet their needs. When these matters are left to the judge to decide, most people end up frustrated. Mediation is a better choice because both parties get to participate in resolving property issues, which otherwise can be incredibly complex.
When a divorce involves complex or lot of assets, the proceedings quickly can become cumbersome. This property might include real estate and the family home, jewelry, stocks and bonds, 401k funds and business assets. Resolving so many potentially complex issues is rarely easy, but mediation can help the divorcing couple to find a constructive way forward.
Mediation Can Help You Avoid Expensive Litigation
In fact, mediation over the division of assets in Illinois might help to speed up the divorce proceedings as successful negotiations, which results in avoiding costly litigation expenses. This is because mediation involves a neutral third-party mediator who guides the conversation and redirects the focus toward finding a positive resolution.
Furthermore, litigation is risky and expensive, sometimes taking years to resolve and can leave both parties hurt, upset, and frustrated.
The mediator works toward dividing assets in a manner that is peaceful and productive. This approach makes both parties seek solutions that are mutually beneficial rather than focusing on what they are losing.
Advantages of Mediation in Illinois
It’s essential to focus on positive solutions. Mediation helps divorcing couples concentrate on rebuilding their lives. It also helps in securing a better financial solution for both parties and their children.
Those who participate in this process may even find that their relationship may even improve. This is helpful if the couple shares kids and will have to have continued communication for years to come.
Parties in this process are fully prepared by their divorce mediation attorneys. Gather relevant documents in advance such as appraisals of assets, five years of tax records, recent bank statements, and any other pertinent documents. The more prepare you are, the better your outcome will be.
Do You Need Help with Division of Assets?
Call (217) 774-1373 to speak with a divorce mediator at Rincker Law regarding the division of assets in Illinois.