Any length of marriage can effectively utilize divorce mediation. The benefit for clients ending their short-term marriages is that you can clearly and quickly spell out the terms of your divorce agreement. If you have no children, in a mere 2-3 meetings you can plainly identify all of your marital and non-marital assets and how they will be allocated and/or shared. Anything that is non-marital is not up for grabs. So, if you have a rollover IRA from a job you left before you were married and that has not been co-mingled with any marital money, then that is not in the marital pot of assets to be divided. If you have educational loans that you accrued before you were married, those will continue to be your sole responsibility after the divorce.
Depending on how long your short-term marriage lasted may influence how you look at your marital assets. Recently, a couple that was married for less than one year decided to leave the marriage with whatever each came into the marriage with. What’s mine is mine and what’s yours is yours. They used mediation to put it all in writing and avoid any confusion or misunderstandings down the road. They plan to file the court paperwork and zip through the remaining steps to get divorced. Another couple has been married for a few years. They are stuck about what to do with the house, which they bought last year during a hot market with low interest rates. Now the interest rates have doubled and they have very little equity in the house. They are using mediation to reach an agreement about this issue and to put into writing all of the other financial issues that they agree upon already.
During the process of divorce mediation you create a divorce agreement, no matter how long you have been married. Even with short-term marriages there are plenty of benefits to using a mediator. You can reach an agreement in a few sessions, at a reasonable price, without missing any important details about your finances that could be costly in the future. You don’t know what you don’t know. At Westfield Mediation, LLC, our practice is solely focused on divorce mediation. It is all we do. So, we do know what you don’t know about divorce. We can guide you through the process quickly and cost-effectively.
For more information on divorce and divorce mediation, please contact Randi M. Albert, JD, or Michelle Weinberg, M.Ed., Licensed Marriage and Family Therapist, at Westfield Mediation, LLC at 908.913.0373. View our website at www.westfieldnjmediation.com or email us at info@westfieldnjmediation.com.
Depending on how long your short-term marriage lasted may influence how you look at your marital assets. Recently, a couple that was married for less than one year decided to leave the marriage with whatever each came into the marriage with. What’s mine is mine and what’s yours is yours. They used mediation to put it all in writing and avoid any confusion or misunderstandings down the road. They plan to file the court paperwork and zip through the remaining steps to get divorced. Another couple has been married for a few years. They are stuck about what to do with the house, which they bought last year during a hot market with low interest rates. Now the interest rates have doubled and they have very little equity in the house. They are using mediation to reach an agreement about this issue and to put into writing all of the other financial issues that they agree upon already.
During the process of divorce mediation you create a divorce agreement, no matter how long you have been married. Even with short-term marriages there are plenty of benefits to using a mediator. You can reach an agreement in a few sessions, at a reasonable price, without missing any important details about your finances that could be costly in the future. You don’t know what you don’t know. At Westfield Mediation, LLC, our practice is solely focused on divorce mediation. It is all we do. So, we do know what you don’t know about divorce. We can guide you through the process quickly and cost-effectively.
For more information on divorce and divorce mediation, please contact Randi M. Albert, JD, or Michelle Weinberg, M.Ed., Licensed Marriage and Family Therapist, at Westfield Mediation, LLC at 908.913.0373. View our website at www.westfieldnjmediation.com or email us at info@westfieldnjmediation.com.
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