Why Should You Choose to Resolve Your Financial Issues Through Family Mediation?

Why is it generally better for separated spouses to make decisions about their property and finances through the process of Family Mediation Bristol?

You have reached the conclusion that your relationship has run its course and have made the decision to put an end to it. However, you will need to come to an agreement over the funds. There are many different problems that can need to be solved:

  • What are your thoughts on the future of the family home?
  • What about the money put away, as well as the obligations?
  • That gets the favourite sofa, and what about the dog who already claims it as his own?
  • Who will be responsible for what costs going forward?
  • Where do we stand with pensions?

and so forth…

In the past, divorcing spouses would walk off to their respective attorneys, and the attorneys would be in charge of negotiating a settlement on their clients’ behalf. However, that was:

  • Slow
  • Expensive
  • Divisive
  • Removed the couple’s ability to make decisions from their hands.

The practise of Family Mediation Bristol was developed specifically to address a number of these issues.

  • Because the talks took place in the presence of both the spouse and the mediator at the same time, there was less of a need for time-consuming correspondence in order to make progress, which resulted in a quicker process.
  • It turned out to be a considerably more cost-effective option due to the fact that it was both quicker and, for the most part, required the participation of just one specialist;
  • Due to the fact that the couple is present in the same room together, misunderstandings and problems can be resolved more quickly. Additionally, because the mediator is listening to both participants, he or she is able to understand the needs, hopes, and fears of both parties, which helps to increase mutual understanding and respect, which is particularly important if the couple has children;
  • Due to the fact that the couple is engaging in direct negotiation, they are the ones who, as a unit, make the decisions and maintain control over the consequences.

Therefore, it makes perfect sense for the majority of spouses to participate in family mediation.

When we continue with this series of blogs, we will discuss what occurs when a couple decides to settle their differences through Mediation Bristol rather than going to court to make their decisions.

What comes next?

You may find additional information on our Practical Support page if you need assistance organising your money after your divorce, and if you would want to begin the process.

Please do not hesitate to get in touch with us 03300 101 367 if you require any further information or have any specific questions.