Divorce mediation can help you resolve disputes without going to court. The process works best when both parties bring the right documents. Organizing your paperwork before mediation begins can help the sessions run more smoothly and lead to better outcomes.
Financial records and statements
One goal of divorce mediation is to divide your property and decide who will handle certain financial responsibilities. In Michigan, the mediator may require you and your spouse to submit a mediation summary at least three business days before your session. However, private mediators can establish their own submission deadlines by agreement. The summary usually includes key facts, areas of disagreement and financial information about your assets.
Bring recent bank statements for all checking, savings and joint accounts along with your mediation summary. Include statements from the past three to six months so everyone has a clear picture of your current finances.
Investment and retirement account statements are also important to include. Gather documentation for any 401(k) plans, IRAs, pension accounts, stocks, bonds or other investment vehicles. If you own real estate, bring mortgage statements, property tax records and recent appraisals. Also gather credit card statements and records of other debts so both parties understand the liabilities involved in property division.
Income documentation
Each spouse should bring proof of income. Bring pay stubs from the past two to three months. If you own a business or work for yourself, also bring business tax returns, statements regarding profit and loss and other financial records.
Tax returns from the past two to three years can also provide a complete picture of your finances. If you receive income from rental property, alimony or investment dividends, bring records for those sources as well.
Information about children and expenses
If you have children, you will likely discuss custody and child support during mediation. Bring school records, documents related to child care expenses, medical records and health insurance information.
Make a detailed list of your children’s monthly expenses to help guide discussions about child support. Include costs for activities, clothing, school and other regular expenses. If either parent has special circumstances, such as an unusual work schedule or a disability, bring documents that explain those needs.
Asset and property lists
Creating a comprehensive inventory of marital assets can streamline the mediation process. Include vehicles with their values, titles and loan information. Also list valuable household items such as furniture, electronics, jewelry and collectibles. Bring documents that show ownership or value.
If you or your spouse own a business, bring records showing its value and ownership. Professional appraisals for major assets can reduce disputes by helping both parties understand what they are dividing.
Building a strong foundation for mediation
Preparing for divorce mediation starts with gathering accurate and organized documentation. Having financial records, income information and details about your assets and children readily available can help facilitate productive discussions and support informed decision-making. By taking the time to prepare in advance, you can approach mediation with greater confidence and work toward a resolution that addresses your family’s needs.