We've all heard the phrase "a penny for your thoughts," but what does it really mean in the context of prenuptial agreements and divorce mediation?
A prenuptial agreement is a contract between two individuals before they get married, outlining how assets and debts will be divided in case of a separation or death. While it's true that couples with prenuptial agreements often have an easier time navigating the divorce process without going to mediation, there are still some situations where mediation may be necessary.
Couples with prenuptial agreements typically don't need divorce mediation in most cases. However, if one or both parties have significant assets or debts that will significantly impact the division of property or financial obligations, they may want to consider seeking mediation.
For example, if one partner has a large sum of money stashed away at a bank or invested in stocks and bonds, this could lead to disputes over how it should be divided. Similarly, if one party has significant student loans or other debts that are not included in the prenuptial agreement, they may want to address these through mediation.
Couples might need mediation for a few reasons:
In these cases, mediation can provide a neutral third party to help the couple work through their differences and come to a mutually agreeable solution. While it's not always necessary to go to mediation, having an experienced mediator present can be beneficial in ensuring that both parties are heard and understood.
In conclusion, while couples with prenuptial agreements may still need divorce mediation in some cases, it's essential to consider the specific circumstances of their situation. By understanding the pros and cons of mediation, couples can make an informed decision about whether or not they need professional help navigating their divorce.
We Have A Prenup: Is Divorce Mediation Still Necessary? - Time For Magazine