Where parties are relatively cordial, mediation might be a successful way of coming to a financial settlement. In this process the parties will jointly instruct a mediator (or co mediators) who will then attend sessions with them to try and help the parties come to a financial settlement and tackle the difficult areas the couple have been unable to deal with themselves.
As a part of the mediation process, a full disclosure of assets is expected.
It is always sensible to appoint solicitors alongside mediators as they are able to provide legal advice as the mediation session progress. This can give shape to the mediation session and give the parties peace of mind that they are entering a sensible settlement.
Once settled, the lawyers will usually draft the separation agreement or a consent order which is filed with the Courts.
It is advisable to try and attend a series of mediation sessions in quick succession as that will assist to keep costs down and push towards settlement.