Financial Mediation
The use of a financial mediator in divorce proceedings is becoming increasingly prevalent in Illinois. Using a skilled financial mediator can provide an unbiased, in-depth analysis of the parties' financial portfolio often leading to a more equitable settlement that both parties understand and accept.
Financial mediation is also generally more cost-effective and less acrimonious than contested divorce proceedings before a judge who often times does not have the time, resources, or financial background to understand the complexities of many couples' financial situation.
Many people do not have a thorough understanding of their own assets and liabilities to be able to divide them up equitably. If one or both of the parties owns a business, this just adds another layer of complexity to their financial picture. A financial mediator will have access to both parties' financial affidavits, earnings histories, account statements, asset valuations, loan and credit card statements, and other pertinent financial information needed to help reach a settlement.
We have been appointed in numerous cases as financial mediators and have helped many parties achieve a settlement faster, more economically, and with less hostility than the traditional more litigious route.
Financial mediation is also generally more cost-effective and less acrimonious than contested divorce proceedings before a judge who often times does not have the time, resources, or financial background to understand the complexities of many couples' financial situation.
Many people do not have a thorough understanding of their own assets and liabilities to be able to divide them up equitably. If one or both of the parties owns a business, this just adds another layer of complexity to their financial picture. A financial mediator will have access to both parties' financial affidavits, earnings histories, account statements, asset valuations, loan and credit card statements, and other pertinent financial information needed to help reach a settlement.
We have been appointed in numerous cases as financial mediators and have helped many parties achieve a settlement faster, more economically, and with less hostility than the traditional more litigious route.