Divorce, Mediation and the Holidays
Like many things in life, the demand for divorce mediation services follows a seasonal pattern. There is a lull in November and December and then in the second week of January, we at Equitable Mediation Services begin to receive calls from couples just like you seeking the services of a New Jersey divorce mediator. Why am I telling you this? Because if you are reading this article right now, chances are you’re contemplating a divorce and may be seeking a mediation service come early next year and I want you to be prepared.
Of the four major issues facing divorcing couples: parenting plans, equitable distribution, child support and spousal support / alimony, three of these issues are financial and will require you to produce documentation which is commonly prepared at year end so it’s important that you obtain copies as soon as you are able. Items such as W-2′s, tax returns, mortgage balances, annual 401k / brokerage statements, etc. will all be sent to you in the coming months and will come in handy when discussing the areas mentioned above. Having copies will not only help you be better informed and prepared but also allow your NJ divorce mediator to help both of you come to a fair and equitable settlement based on actual, recent data. Frequently, one member of the household is “in charge of the checkbook” and has the couple’s financial information at their fingertips while the other party is mostly in the dark. By taking advantage of this time of year and the year-end statements that come with it, if you are contemplating a divorce, now is a good time to become well-informed and begin planning your future.
Another reason these items are important is directly related to one of the main benefits of mediation. Most divorcing couples who use a divorce mediation service save at least $20,000 on their divorce and a big part of that reason is directly related to the information gathering phase. By doing your homework and producing the requested documentation, you and your spouse will not only both be on a level playing field which leads to more informed decision making, it will also help your mediator in calculating such data driven items such as equitable distribution and child support and possibly help ease the divorce process thus minimizing cost and stress. Given the uncertainty divorce can bring, it’s best to gather as much information as possible in advance in order to get a handle on what your future financial picture might look like and with all the year-end reporting, it’s much easier at this time of year.
If you have any questions about divorce mediation or how mediation can benefit you, please feel free to contact us to schedule a free, no-obligation consultation in one of our seven North or Central New Jersey office locations where we will take some time to get to know more about you and your situation and see if mediation is right for you. Of if you’re simply not ready yet, feel free to visit the Equitable Mediation Services website where you’ll find lots of great information about parenting plans, equitable distribution, NJ child support and spousal support / alimony and contact us when you’re ready. We look forward to helping you get through your divorce peacefully, efficiently and with as little stress on you and your family as possible.
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