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Using mediation to share marital property

Divorce can be challenging for any couple. If you are looking to avoid a costly and lengthy court battle, though, you may be thinking about pursuing mediation. After all, divorce mediation has many advantages over traditional court proceedings. 

Divorce court often requires spouses to follow rigid guidelines and procedures. However, you may have some creative ideas about how to distribute marital property. If so, engaging in divorce mediation may allow you to share either ownership or usage of certain pieces of marital property. 

Your vacation home 

When divorcing spouses pursue mediation, they make a good-faith effort to reach an acceptable agreement. While selling your vacation home is an option, you and your soon-to-be ex-spouse may negotiate a usage schedule. If you go this route, be sure you address upkeep and repairs. 

Your boat 

South Florida is the boating capital of the world. As such, there is a chance you and your partner jointly own a watercraft. While a traditional divorce may require you to sell the boat and split the proceeds, mediation may afford you an opportunity to share it. Like with a vacation home, though, you may need to divide the costs of keeping your boat in good condition

Your family pet 

Even though you may think of your dog or cat as a member of your family, Florida law treats pets as property. Using divorce mediation to negotiate a custody agreement or visitation schedule for your furry friend may make sense. If you want to have your pet on a full-time basis, giving up other assets in exchange for your dog or cat may also be an option. 

If you are contemplating divorce, you may have marital assets you do not mind losing. Still, there is a good chance both you and your spouse have an emotional attachment to certain things. By understanding how divorce mediation may allow you to share marital property, you can choose the best approach for dissolving your marriage.

 

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