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Profile of a Divorce Mediation
Divorce mediation is an enlightened way to resolve financial and parenting issues when couples make the difficult wrenching decision to separate and divorce. The cooperative mediation approach seeks to minimize an adversarial process; a skilled mediator helps people center on the children’s best interests and to decide on allocation of marital assets and liabilities, family finances, and other issues that will become the basis for a formal separation agreement or a divorce document.
Advantages of Mediation
Issues Covered in Mediation
Who is in Control?
You are in control of decisions!
Amount of Time it Takes
What Happens When the Mediation is Completed and All Issues Covered?
A Memorandum of Understanding is prepared containing the decisions you have made. It is then submitted, after your review, to your respective attorneys, if any, or to a neutral attorney who will complete the required divorce/separation forms at a reasonable fee.
Marital property is all property earned or acquired during the marriage. Separate property is that owned by one party before the marriage. In New York, separate property is awarded to that individual. However, the increase in value of separate property that occurs during the marital period may be divided under the equitable distribution system. Separate property also includes gifts or inheritances received during the marriage.
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