High-conflict, high-net-worth divorce asks a lot of the people involved. Approaching the proceedings with a degree of detachment and emotional...
Divorces involving high-net-worth couples are often emotionally charged. Despite this, the benefits of mediation over litigation in a high-asset divorce are numerous. If your marriage is ending, an experienced lawyer from The Riley Divorce & Family Law Firm could help you achieve your goals as efficiently as possible.
Keeping your finances and personal business away from prying eyes is a priority for many people of means. Whether your concern is the safety of your children or your professional reputation, mediation is a more discreet option than bringing a lawsuit.
Court documents are public and available to anyone who takes the time to search for them. By contrast, mediators are bound by confidentiality requirements—a mediated settlement protects your privacy.
When you litigate a divorce, you may be required to appear in court several times. Waiting for hearing dates can delay the process. Judges routinely ask couples to attempt mediation before scheduling a trial, so it makes sense to take the initiative and begin with mediation. If this is unsuccessful, you can always return to court.
A professional mediator will assess the amount of time needed to resolve the issues and schedule sessions to progress through the disputed issues as efficiently as possible. Spouses often share the cost of a mediator, which is significantly less expensive than hiring two legal teams to prepare for a trial.
High-net-worth couples are often high achievers, and one or both spouses may be used to being in control. Compromise might not come easily to them, and, during the divorce process, their first instinct may be to put their own interests first.
Although it might seem counterintuitive, you retain far more control when you mediate a divorce rather than litigate it. With mediation, you can prioritize your objectives and give concessions on the matters that are less important to you. You may not secure everything you want, but you are more likely to get what you value most.
When you litigate a divorce, the judge considers the evidence presented by both sides and aims to make a decision that seems fairest under the circumstances. In many cases, neither party feels that the decision is fair. Even when your lawyer presents a persuasive case, there is always a risk that the judge will not see a situation in the same way you do.
If you are a high-net-worth couple, a divorce can put your financial future at risk. Although your instinct may be to litigate, mediation is almost always a better option. At The Riley Divorce & Family Law Firm, we can explain how you could benefit from the mediation process. Our legal team is contactable 24 hours a day—call to schedule a consultation today.
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