When a couple chooses to end a marriage, they must sort through a variety of important financial and emotional issues, such as the division of marital property and spousal support. If there are children involved, they must also address matters of custody, visitation, and child support. One way families can attempt to resolve these issues is through a process known as mediation. In mediation, an impartial third party — the mediator – assists the spouses in reaching an agreement they can both accept. However, considering the nature of divorce, mediation may only be beneficial under certain circumstances. If you are considering divorce or legal separation, it is important to contact an experienced San Diego family law attorney who can guide you through the process with confidence and ease.
In a recent California divorce case, the parties had been married for 16 years and had two children. During the marriage, the wife was a “stay-at-home” mom, and the husband was a doctor and “successful businessman.” After the wife filed for divorce, the couple agreed to resolve their support and property issues through mediation, without the assistance of counsel. The mediation resulted in a signed marital settlement agreement (“MSA”) that provided in part that the husband would pay the wife $10 million to fully satisfy her community interest in the shares of the business, escreen, Inc. The parties signed declarations that both preliminary and final disclosures had been served on the other party in accordance with Family Code provisions.