Property Mediation
For most separating couples mediation is by far the quickest and most cost-effective way to resolve their property settlement.
Mediation provides an opportunity to decide how your property, income, financial resources and debts will be shared after separation.
Our accredited mediators support you through the process of determining and agreeing on the value of the assets and debts then deciding how to divide things in a just and equitable way.
Do I need to do Property Mediation?
The Family Law Act requires parties who are considering applying to the court for financial orders to complete certain pre-action procedures. They require applicants, respondents and their lawyers to genuinely attempt to resolve their dispute by way of alternative dispute resolution such as mediation.
Waiting for the court to make orders in relation to your property is likely to be drawn out, costly and at the end of the day, there is no certainty in relation to the orders a judge may make.
The Property Mediation Process
The process for property mediation, basically follows the same steps that the court would use to resolve the matter. First, you will need to figure out what is in the list of assets and debts – the mediator can help you agree on a value for this. Next, you will need to consider each of your contributions both financially and non-financially during the relationship as well as each of your relative future needs. Finally, you discuss options for dividing up the assets and liabilities. This is then most commonly made into consent orders and is a final, binding arrangement.
