How to Prepare for Divorce Mediation
Preparing for divorce mediation requires a high level of meticulous planning. You need to be thoroughly prepared when you step into that room. Everything from who gets the leather couch to child custody will be discussed and agreed upon. An attorney can help you create a plan that is fair to you and any children involved.
A common list of divorce topics for which you need to be prepared to go over during mediation include the following:
- Your wishes for marital asset division, including real property, retirement accounts, bank accounts, stocks, and bonds;
- The responsibility for certain debts, such as car and credit card loans, the home mortgage, and more. The average mortgage debt in Georgia is $170,000, according to Experian. If you have paid years of your salary into this home, remodeled, or put considerable work into upkeep and housekeeping, your ownership of the home is well stated, but it may not make sense to hold onto the house with a single person’s salary. If neither of you can afford to pay the mortgage on your own, a solution to the debt must be negotiated.
- Child custody, visitation, parenting plan, and child support;
- Alimony or spousal support
Divorce Mediation Documents
The documentation you will need during mediation depends on your specific situation. For example, if you’re one of the 60% of Americans (according to the Insurance Information Institute) who have life insurance, you would be required to present documentation about it during a divorce mediation. Working with an attorney will ensure that you come prepared. Generally, the documentation required includes, but is not limited, to the following:
- Employment and income information;
- Contact information;
- Credit card statements;
- Mortgage statements;
- Life insurance policy information;
- Retirement account statements;
- Bank account statements;
- Mortgage balances for cars, trucks, boats, and RVs;
- Tax returns.