One of the widely stated benefits of divorce mediation is that it’s cheaper than going to court. If you are considering dissolving your marriage using mediation to save money, you need to make informed decisions unique to your case.
Here is what to know:
Divorce mediation is generally cheaper
Divorce mediation is not always cheaper than litigation, but generally, it is. It’s recommended to have a lawyer during divorce mediation to understand your rights and obligations and, in turn, protect your interests. However, they don’t need to spend hours reviewing every aspect of your case or handling communications, seeing that you and your spouse are going through a collaborative process.
The hourly rates of divorce mediators are generally lower. Some mediators even charge a flat fee per session. And the process is usually complete in a few sessions. You and your spouse can agree to split the cost after every session. Or you can pay for a session, and your spouse handles the next.
Another factor that contributes to the affordability of divorce mediation is that it takes less time. Going through a traditional divorce can take time, especially when there are complex issues.
Divorce mediation can cost you up to ten times less than what you would have paid in a traditional divorce. Nonetheless, if one of you refuses to negotiate in good faith or is unwilling to compromise, it can become expensive. This is because it will take more sessions to come to an agreement. And if this doesn’t happen, litigation will be inevitable. Thus, you will incur both mediation and litigation costs.
You and your spouse can save a lot of money and time by choosing divorce mediation. Get more details about this process to ensure you enjoy this benefit.