What is the importance of disclosure in a fair divorce settlement? This is much easier to answer by looking in a different direction first. When playing poker, if you believe that one of the other players at the table is stashing aces up their sleeve, it is very unlikely you’ll feel comfortable betting on your own hand, regardless of how strong you feel it is. This need to know that all of the cards in the deck are available to all players, and that nobody has any secret stashes of anything up their sleeves, is as crucial in the world of divorce settlement negotiations as it is in the World Series of Poker.
In Family Mediation, the process that ensures that nobody is hiding any of their assets from the other is called “Disclosure”. Family Mediation Council Accredited (FMCA) mediators work with couples at the beginning of their financial settlement discussions to ensure that they have each provided full and frank financial disclosure of all their assets and liabilities.
At New Landscape Mediation, we work hard to ensure that this financial disclosure is not only done thoroughly, but that we get it done in a timely and professional manner. During your initial information meeting (MIAM), our mediators will show you how you can complete this important step at a fraction of the time and costs of working through it with solicitors. We understand the importance of getting this process right. We recognise that if both people don’t feel completely safe in the knowledge that they are fully aware of all aspects of the financial picture they need to discuss, then there is no way we can help people reach a fair and equitable financial settlement.
Once we have completed this process of financial disclosure, and have worked with you to reach a shared understanding of the full financial picture, then and only then will we begin to discuss how to reach a fair financial settlement.
If you would like more information about the important of disclosure in a fair divorce settlement and how we can help you reach a fair outcome, please call our offices on 01279 211 657 for a fully confidential, no obligation discussion of your needs.