Property division law in Allentown, PA sets forth parameters for married couples who are splitting up. Nevertheless, some cases can be very complicated when people have been married a long time and have a lot of assets. They may own two or three real estate parcels, they may own one or two businesses together, and they are likely to have combined savings and investment accounts. If they are unable to negotiate asset division, lawyers can set up mediation sessions to help resolve the issues without going to court.
Certain expectations and characteristics can streamline the process. For instance, both spouses must be willing to compromise, at least in some aspects. One spouse may be absolutely committed to a specific asset, but will have to give up something else of value in return. For instance, both spouses may really want the sailboat, but typically only one of them will own it after a divorce. Unless they continue to co-own the marine vessel, someone will have to accept payment for half the boat’s monetary value or some other asset that will pay for this value. To work on asset division, perhaps one of the spouses can meet Erik Conrad, Attorney, who offers services in property division law in Allentown, PA.
The spouses will probably not sit in the same room during mediation sessions, although this is possible when the divorce is being amicable and they are not fighting about the topic at hand. Either way, they should plan to be upfront about what they hope to achieve during mediation. They should plan to have patience if they continue to reach an impasse. Impartial individuals manage these sessions and help guide the participants to conclusions that are satisfactory for both. Clients may need several mediation sessions to come to agreements on all issues. It’s important to understand that devoting time to several sessions is still less time-consuming and substantially less costly than taking these matters to court. In addition, once the issues are set forth before a judge, that judge now has total control over asset division. Neither spouse may feel very satisfied at how the division is accomplished then.