Mediators’ Financial Limitations
Don’t expect your mediator to understand the tax ramifications of a proposed settlement. In fact, many mediators are generally short on financial expertise. So they usually don’t know how to structure a settlement in a way that preserves the maximum amount of a couple’s collective assets, and they don’t know how to project what condition a proposed settlement will leave each spouse in several years down the road.
So be clear, the mediator’s job is to help you come to an agreement with your soon-to-be ex-spouse – period. If you want that agreement to be financially equitable, you and your spouse should expect to pay for a financial neutral. You will be better off financially and emotionally by combining mediation with additional advice than if you become adversaries in a contested divorce.
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