In the attached video, a certified divorce mediator and financial analyst discuss the choice between mediation and collaborative divorce. The speaker strongly advocates mediation due to its simplicity and cost-effectiveness. Mediation involves one professional, making it more financially feasible compared to divorce, which requires individual attorneys for each spouse, along with other neutral experts like financial professionals and child development specialists. The speaker warns that having a surplus of professionals involved can lead to excessive expenses and prolonged procedures.
However, in situations with exceedingly complex finances, additional experts might be necessary. The reporter asserts that when experts are genuinely needed, they are brought in, such as financial analysts, tax experts, or real estate professionals. Involving unnecessary third parties, especially regarding child development experts, might complicate matters unnecessarily. Additionally, the rep highlights a critical drawback of divorce: if the case doesn’t settle, the experts engaged in the process cannot be utilized again.
The advice leans heavily toward trying mediation first, underlining the importance of an experienced mediator who comprehends various facets of divorce. The speaker suggests that if mediation doesn’t yield results, divorce could be considered, but ultimately emphasizes the likelihood of ending up in litigation if mediation fails.
