Financial Mediation Process
Financial Issues
- division of net family property
- child support obligation of each parent
- spousal support how much & how long
Net Family Property
- assets or debts need to be listed & valued
- negotiate how they will be divided
- tax implications of any transfers/sales
Support vs Income
- calculating income for support purposes
- projected budgets need to be created
- after tax cash flow over time uncovers future planning choices
Mediation Team
- consists of team with both legal and financial backgrounds
- an ideal combination to manage negotiations and come to agreement
- have all the information and guidance to make the most informed decisions
Financial Mediation
- how long does it take?
- typically 2-4 mediation sessions & on average 2-3 months
- additional time spent gathering documents and drafting an agreement
- flat fee package pricing