Money can be a contentious subject for debate among couples, often leading to heated arguments and prolonged fighting. Couples need to discuss and settle all elements of assets, liabilities, child support, and alimony or spousal support. A mediator can assist in finding common ground in the division of assets and liabilities.
Our mediators provide worksheets and spreadsheets to help you build a balance sheet, understand cash flow implications, and the implications of asset division. As needed, we will bring in other professionals to gather and understand financial information and concerns. These professionals may include a Certified Divorce Financial Analyst, a mortgage broker, a realtor, an investment broker, and a CPA or tax professional.
In mediation, many creative solutions can be found dealing with assets and debts. Today, the challenge of the housing market leads to many couples retaining the house after the divorce for a period of time until one of the parties can refinance on his/her own. Measures are written into the final documents to spell out special provisions and agreements protecting each party.
Debt load and disbursement can be a large concern. Options are explored and sought before any documents freeze assets and debts by filing with the courts. In mediation, all agreements are reached and sometimes acted upon before filing. This often allows alternative options that might not be considered otherwise. Below is a list of helpful documents to bring to mediation:
- Financial Spreadsheet (excel)
Divorce Agreement Worksheet (comprehensive)
Documents for Verification
Cash Flow Budget (excel)
Genesis Mediation offers a FREE 15 Minute Phone Consultation. We are here to help you and get your questions about financial settlements answered. Please call (503) 352-9447. Finances are a topic of discussion at our Divorce Options Workshops.