There are many complicated things that a couple may need to address when it comes to managing their divorce. Everything from child custody agreements, to how assets and debts will be shared needs to be considered by the parties involved. In mediation, a mediator such as myself can work with a couple to guide them through their discussions about things like equitable distribution. The process of equitable distribution isn’t just about splitting things 50/50 after all. The parties need to think about how assets and debts can be shared fairly.
The equitable distribution of debt can be particularly complicated. While marital debts need to be shared between both parties, separate debt belongs to a single individual. Determining which debts are marital and which are separate can be difficult at times. Fortunately, when people do not immediate know how an issue should be handled, there are many cases that I can address with parties in divorce mediation or other divorce processes, to help them explore the concepts that come into question during equitable distribution. Continue reading