Mediation is an alternative to litigation. The parties work with a mediator to reach resolution on all issues in their case such as custody, parenting time, child support, alimony and distribution of their assets and debt. The mediator does not represent either party, but works to facilitate an agreement between both parties. The parties may still have attorneys to give them individual advice.

The parties will work on their budgets, review financial documents such as paystubs, tax returns, etc. If necessary, experts such as a psychologist, accountant or real estate appraiser will be hired by the parties.

When done, the mediator prepares what is called a Memorandum of Understanding. It is not a legally binding contract. The Memorandum of Understanding is merely a letter outlining the proposals to which the parties agreed. Typically, the parties bring the Memorandum of Understanding to their respective attorneys. One of the attorneys converts the Memorandum of Understanding into a legally binding contract called a Marital Settlement Agreement. One of the attorneys will also file the formal documents with the court to get the parties divorced.

Mediation is usually far less costly than a litigated divorce. Mediation also typically takes a lot less time than a litigated divorce. Mediation is not regulated by the State of New Jersey. Anyone can claim to be a mediator. You may want to look into the credentials and experience of the professional to whom you are entrusting such important issues.

If you are interested in mediation or have any further questions, do not hesitate to contact the mediators, who are both accredited by the New Jersey Association of Professional Mediators and experienced matrimonial attorneys, at Iandoli & Edens at (908) 879-9499.