Divorcing in New Jersey is a painful process. It can also be a lot more expensive than a couple first realizes. Not only can they lose a lot of their shared possessions during the split, but they may also need to pay for legal fees, quiet titles, moving and refinancing loans. Mediation may not save a couple money on all of these expenses. Still, there are some ways that it helps to reduce the overall financial burden.
According to Forbes, January is the season for divorce. People speculate that unhappily married couples may want to prevent souring the holidays with divorce proceedings. Others wonder whether or not a bad encounter with family members over the holidays may have been the final nail in the coffin. Whatever the reason or season, couples can expect to spend thousands of dollars on divorce.
It is possible that you may have heard mediation and arbitration spoken of interchangeably with no intended difference between them. However, if you are exploring alternatives to going to a New Jersey court for an upcoming divorce, you should recognize that the concepts of mediation and arbitration, while they are distinct from court litigation, are not the same. Each of these forms of divorce resolution carries specific attributes that, depending on your needs, you may find more attractive over the other.
A wide range of considerations may come into play for those who are going through a divorce, including deciding which approach is appropriate. Many couples opt for divorce mediation and there are a number of reasons why mediation is advantageous. For example, mediation can save time and money for both parties, as we have written about on this blog. However, other factors may need to be reviewed even if you and your partner have already agreed that mediation is best. For example, your social media activity may need to be considered, especially if you and your spouse are trying to work together to end your marriage in a more amicable manner.
Couples often have all sorts of options on the table when they split up and no two divorces are the same. For example, a couple who has significant assets and children may approach divorce from a very different perspective than a couple with modest financial resources and no children. Some divorces are very contentious and inevitably lead to bitter disputes in the courtroom. However, divorce does not have to be a difficult and emotionally draining process. Some couples work through their divorce with a mediator and there are a number of advantages to mediation, from a financial and emotional point of view.
When a couple makes the decision to end their marriage, they may worry about some of the difficulties they may encounter as a result of this decision, such as court-related stress, legal costs and time lost while they are dealing with these matters. Ending a marriage can be challenging, but there are certain ways in which some people can make the entire process less burdensome. For example, some benefit from working with a divorce mediator. If you are considering mediation, it is important to explore the ins and outs of this route and discuss the idea with your spouse.
If you are getting divorced, alternative disputes resolution methods like mediation can be beneficial for many reasons: they can be faster than litigation, not to mention less expensive and more peaceful.