Peaceful Divorce

Mediation Q & A, Part Two By Robert D. Bordett CFP, CDFALast week, we answered some questions regarding the mediation process. This week we continue with more questions and answers.

Q: What do I need to bring to the first mediation session?

A: The first session is when both parties learn how the mediation process works. All the facts are brought to the table, and a list of items needed in future appointments will be provided. Typical financial documents include:

  • Tax returns and financial statements;
  • Business information, if applicable;
  • Retirement benefits, including IRAs, 401(k)s, etc.;
  • Investment statements;
  • Mutual funds, annuities or brokerage accounts; and
  • Outstanding loans, debts, or credit card balances.

Q: Will I need to hire experts or other professionals?

A: Possibly. The decision to hire is dependant upon the complexities of the case. We may have a real estate specialist come in if there are issues regarding real estate. If we're dealing with trusts and estates, we may bring in a specialist in that area to address that.

Q: Will I be able to mediate if I don't understand our marital finances?

A: It's the mediator’s job to ensure both parties understand their financial documents well enough to use self-determination and come up with decisions and agreements. If you have a financial planner or CPA, the mediator might have you meet with them or ask that professional to come in and explain the situation.

Q: Can mediation work in a complicated financial situation?

A: Yes. Using a team approach, we might bring other professionals in to educate and ensure everybody understands the facts so we can keep focused on a solution.

Q: Will I still need a lawyer?

A: Always - where that lawyer enters the process is up to you. Some people want a lawyer from the beginning, others want them on the sidelines so they can ask questions along the way, and others just want them at the end to draw up legal documents.

Q: Will a mediator help us determine what is best for our children?

A: In mediation, we don’t judge. We'll help you and your spouse look at what's best. We give you useful information, input, and homework. We may direct you to a child specialist or divorce coach to help solve the issues that you and your spouse are having difficulty with in regard to your children.

If you and your spouse are deciding on a plan in regard to your divorce, you may have questions that have not been answered. If mediation is the path you wish to take, we welcome your inquiries and are here to support you.


The Inside Scoop on the New Mortgage Rules from an Expert
Robert D. Bordett CFP, CDFA
Collaborative Practice
and Mediation Services
888 U2AGREE (888.822.4733)

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