How are We Successful in Mediating the Financial Picture in a Divorce or Partner Dispute?

Mediation is an excellent way to resolve disputes, especially when it comes to financial issues in a divorce or partner dispute. But the question is, how successful are we as mediators in achieving a settlement?

The truth is that success rates vary among mediators. However, there are certain things that mediators do to increase their chances of success. One of these is walking people through the financial step by step. This means taking the time to discuss the financial situation of both parties in detail.

The valuation is a critical aspect of mediation. It involves having conversations about projections and financial results in the future. At ValuationMediation.com, we talk with the business owner and their spouse about what has happened in the past, clarifying the historical results. We identify where there are outliers or things that don't follow a normal trend pattern and then ask clarifying questions to follow-up.

It's important to note that these conversations take place in front of the spouse. This gives them the opportunity to understand the past about any companies they own. It also allows them to ask questions about the business that they may not have had access to before. The reality is that most people who run businesses tend to talk a lot about how successful they are but not necessarily about the stress or debt that comes with it.

Another key to our success in mediation is getting all the necessary documents. This includes all the financial information that both parties will need to make a decision. When everyone can see clearly the financial picture and has all the information they need, they can make a decision with a clear mind. It also opens the opportunity for the parties to give up things or collaborate to come up with an idea that works for both of them.

Mediation is an effective way to resolve financial disputes in a divorce or partner dispute. The success of mediation depends on the mediator's ability to walk people through the financial situation step by step. It also depends on getting all the necessary financial documents and information. When everyone has all the information they need, they can make informed decisions that work for both parties.