In a mediated divorce, both parties collaborate to reach fair agreements. Mediation is a growing trend for couples to maintain a civil environment and reduce the emotional tolls of divorce.
Gray divorces are also a growing trend, and mediation can have several benefits to make gray divorces easier for everyone involved.
Conserve your money
Baby boomers nowadays seem to be split into two categories: those who have already retired, and those who are near retirement. Regardless of the category, they are all depending on the money they have earned and saved over the years to carry them through their retirement.
However, the divorce process is often expensive. Taking your divorce to court can seriously impact your savings and your retirement assets, no matter how much you have saved. Regardless of income, paying the expensive costs of a divorce is often the last thing anyone close to retirement wants to do.
Mediation is not nearly as costly as a divorce in a Massachusetts court would be. Taking your divorce to court can lead to expenses between $20,000 and $40,000. Meanwhile, mediation costs average between $2,000 and $10,000. Though the cost depends on your individual circumstances, subtracting the various court costs is a considerable benefit for your finances.
Part of the reason divorce proceedings are often so expensive is because of how long they can be. Deciding how to divide real estate, retirement assets, the family home, and agreeing on spousal support can be time-consuming, especially when spouses disagree.
Even if you and your spouse face disagreements, mediation sessions can significantly shorten your divorce. However, divorce is not a race. Mediation still requires time, effort and negotiation, but it rarely drags on like a divorce might in court.
Reduce your stress
In the golden years of your life, you should be able to enjoy all life has to offer. However, the combination of the time and expense of divorce can do a number on your stress levels.
With mediation helping you save time and money, you can spend less time worrying about your divorce.
Safeguard your family
Family is often one of the most important things in your life. No matter your age, a divorce can still affect your loved ones.
Through negotiation and mediation, you can make that impact a little easier on you, your spouse and your family. Mediation can significantly reduce the chances of hostility and disputes, which in turn can help preserve peace in your family and protect your future.