Our financial mediation process follows the same format as the Form E Financial disclosure within the court. The only difference is it tends to be considerably quicker and cheaper than court. If an agreement can't be made in mediation clients often find they still save in terms of cost and time purely by documenting everything through mediation.
Full financial disclosure is used to build a picture of everything financially within the marriage. The disclosure is drafted by evidencing each participants income, how much marital assets/liabilities there are and what is required by both parties going forward based on needs.
This information is used to draft the Open Statement of Financial information which is the draft working document used in the financial negotiations . This is an easy to following visual plan of everything there is financially.
If agreement is reached then the Memorandum of Understanding is drawn up which details what has been agreed and clearly shows how finances will be divided following separation.