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What should you bring to your mediation?

| Jan 20, 2021 | Mediation And Collaborative Divorce |

Divorce mediation can help people in Illinois avoid a lengthy and stressful divorce trial. Instead of going to court, you and your former spouse can solve your issues with the help of a mediator. However, there are a few things you should know before you start the mediation process.

What should you bring to your mediation?

Divorce almost always involves a division of assets. During the mediation process, you’ll have to bring documents that give the mediator a clear picture of your finances. This includes pay stubs, W2 or 1099 forms and your most recent tax returns.

You’ll also have to bring titles and documents for properties and major items that you own. This could include houses, businesses, vehicles, boats and trailers. Be prepared to bring information about your investments, retirement fund, savings accounts and other financial assets. Additionally, you’ll need to bring credit card statements and other loan documents to provide a clearer picture of your debts.

If you’re a business owner, you’ll probably have to bring information about your business’s finances. You should also start gathering documents about belongings that might be worth a significant amount of money. This could include antiques, collectibles, family heirlooms and other valuable personal items. An attorney could help you through the property division process.

How do you gather all these documents?

Gathering all these financial documents might sound like a tall order. Fortunately, your attorney will help you prepare for the mediation process by telling you what you’ll need to bring. They will also help you locate these documents and have everything ready before a mediation session.

Rather than telling you what to do the way a judge in a divorce court might, a mediator could help you figure out how you and your spouse want to proceed. In order for the process to work efficiently, though, you must come prepared.