Our law firm has represented countless people during the high net worth divorce process, and most have been concerned about privacy. They realize that people in New York and the rest of the country are interested in people who make lots of money. They want to learn more about their private lives, and a divorce proceeding is a perfect way to get information. The Cimino Law Firm is discreet, and everything you tell us is confidential. However, if you decide to take the divorce case to court, it will be a public record. Many of our clients choose an alternative to litigation so they can keep their lives private.
Mediation is an excellent way to keep your divorce out of the public arena. The Cimino Law Firm can mediate the proceedings for you. Our mediator will act as a neutral party in the proceedings. Throughout the proceedings, the mediator will help you and your spouse reach an agreement on all issues related to the divorce.
There is a myth that high net worth divorces are too difficult for mediation, but that is not true. There are lots of benefits to mediating these divorces.
First, mediation is discreet. Mediation proceedings do not receive publicity. You do not have to worry about the divorce damaging your reputation or your children reading about you in the newspapers. Anything that goes on in mediation is entirely confidential. Even if mediation does not work and you end up in court, the information shared in mediation cannot be used as evidence.
It is also more affordable. Contested divorces can take a long time to get finalized. The court and legal fees can add up in these divorces. You can end up spending lots more money than you want if you decide to litigate your case in the court system. It is much easier to control the costs by going through mediation during a high net worth divorce.
Mediation proceedings can also help you strengthen the relationship with the other party. This is helpful if you have children. You will have to co-parent the children, and the stronger your relationship is after the proceedings, the easier it will be for all involved.
Also, mediation gives you greater control over the outcome. You are not forced to accept the terms of mediation. You do not have to sign an agreement unless you choose to do so. That gives you more control over every aspect of the divorce, from the division of property to the amount of spousal maintenance you pay or receive.