What can I do to prepare for mediating financial matters in my divorce?

By Broyles Kight & Ricafort, P.C.
May 07, 2015
IN FAQs/Financial Issues

Before mediation, you should gather documents that will be helpful to your family law attorney and the family law mediator in preparing the financial portion of your case. Be prepared to provide any of the following documents in your possession, as well as any other documents your divorce attorney may request, including:

  • Statements for all asset accounts (bank, retirement, investment, etc.) showing balances as of the date your case was first filed with the court, as well as current balances.
  • Statements for all debts (credit cards, mortgages, car loans, etc.) showing balances as of the date your case was first filed with the court, as well as current balances.
  • Any property appraisals you may have (real estate, jewelry, etc.). Be aware, however, that appraised values for purposes of divorce can differ greatly from appraised values for insurance purposes or real estate assessed values. Depending on your case, you may need to obtain separate appraisals for purposes of your divorce.
  • Copies of your most recent tax returns and/or paystubs if child support will be an issue in your case.
  • Copies of documents showing stock ownership if that information is not reflected in an investment account statement.

Prior to mediation, you also should prepare yourself by looking at your financial needs – ideally by preparing a rough budget so you can negotiate in an educated manner about issues such as spousal maintenance, child support, apportionment of children’s expenses, property settlement payouts, and the like. These are just a few of the many issues that may arise during your mediation session. Consult your counsel for more details about your particular case.

Broyles Kight & Ricafort, P.C. is a family law firm in Indianapolis, IN. Find out more by viewing their firm profile here.
Back To Top

May 07, 2015
Categories:  FAQs

Add A Comment


Allowed HTML: <b>, <i>, <u>, <a>



Divorce Lawyers

Certified Divorce Financial Analyst

Find all CDFAs

Divorce Mediators

Find Divorce Mediators

Business Valuators / CPAs

Find Business Valuators / CPAs

Collaborative Practice

Find Collaborative Practitioners

Reason for your Divorce

Why did your relationship end? If there's more than one reason, choose the strongest factor.

Money Problems/Arguments
Physical/Emotional Infidelity
Physical/Mental Illness
Physical/Emotional Abuse
Alcoholism/Addiction Issues
Basic Incompatibility

Copyright © 2017 Divorce Magazine, Divorce Marketing Group & Segue Esprit Inc. All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.