CHILDREN AND FINANCE

Children and Finance mediation will take longer than a Child Only Mediation or a mediation relating only to Property and Finance because of the greater range of issues that are being considered. Children and Finance mediation normally requires between three and six sessions. Where a Direct Child Consultation is appropriate at least one additional meeting may be required.

 

WHAT HAPPENS AT THE END OF CHILDREN AND FINANCE MEDIATION?

The outcome of Children and Finance Mediation is the production of 2 important documents:

1) A Memorandum of Understanding (MOU) is a comprehensive summary of the discussions and decisions regarding your property and finances and arrangements for children reached through the mediation process. Importantly, the MOU is not a legally binding document in itself. The proposals reached in mediation, and summarised within the MOU, can be made into a binding agreement by your solicitor following mediation.

2) An Open Financial Statement, or OFS is a detailed summary of all your assets and liabilities. The OFS is the outcome of the disclosure process of gathering all the valuations and financial details and pulls it all together into one concise document setting out your family financial picture.

 MEDIATION  SERVICES

Mediation services we offer…

MIAMS

The first appointment in mediation.

CHILD ARRANGEMENTS

Helping you to make arrangements.

PROPERTY AND FINANCE

Sorting out the finances.

CHILDREN AND FINANCES 

Helping you with all issues.

COSTS

Setting out the costs.

“The oneness of human beings is the basic ethical thread that holds us together” Muhammed Yunus