Divorce Financial Mediation – What it is and what it isn’t

Before getting to the financial aspect, let’s start with the word mediation.

Mediation is a terrific conflict resolution strategy. It uses a neutral third party to facilitate the process of resolving the dispute. Typically, the neutral party provides a structured process that defines the issue(s), breaks the issue(s) into components, and creates a cooperative solution or plan to move forward.

Mediation is a process that attempts to introduce creative solutions towards finding a resolution that best meet the needs of all parties.

Like the old saying “You can lead a horse to water, but you can’t make them drink,” mediation is a voluntary process – even when compelled by the courts. It is not a process where a third party makes decisions for you.

Mediation focuses on the underlying circumstances and solving the issue. It is  not a process for defining fault, or focusing on who is right or wrong.

The Divorce Mediation process works best when it includes consultations with relevant experts, such as real estate appraisers or business valuators. Divorce Mediation does not include the legal aspects of your divorce; for that, mediators suggest consultation with an attorney.

Financial mediation follows a structured process to define and address financial issues. In the divorce process, it is a means to work together on identifying and agreeing on budgets; assets; division of expenses; property divisions including the house, the business, retirement funds, support; and more.

Non-attorney financial mediation is not a process for developing parenting plans, or filing paperwork in the courts.

Financial mediation is not a source of legal or tax advice.

It is a wonderful option to consider for keeping costs down and preserving relationships.

 

How’s Your Financial Satisfaction?

In our society we tend to equate financial satisfaction with having a lot of money.  In actuality, the degree to which one feels satisfied with their money is based on a unique and personal interpretation of your needs and circumstances. In other words, two individuals can experience identical financial situations, and yet the degree of satisfaction they feel can be at polar opposites.

Satisfaction describes a feeling of fulfillment or contentment.  Its meaning is relative and often dependent on one’s definition of success as applied to specific areas of life.  In our financial lives, “satisfaction” is as much (if not more) an emotional issue as a practical one.  That is because a sense of satisfaction is highly subjective, and greatly influenced by the individual’s attitudes and beliefs.

The first step to making positive change in any area of life is awareness. Download this satisfaction survey to start the process!

Financial Satisfaction Survey_Lamorinda

And check out my new web site while you are here…

Cheers
Beth

The Financial Satisfaction Survey is available via licensing arrangements with MoneyQuotient and is protected by federal copyright law.