The American Arbitration Association, the American Bar Association and the Association of Conflict Resolution have established a basic standard code of conduct that applies to all mediators when settling proceedings of an alternative dispute resolution.
New York is home for many rich, famous Americans, as well as for other people from around the globe. However, when it comes to divorce battles, New York often witnesses high-profile couples ending their marriage. While there may be a number of such high-asset divorces in New York courts, one divorce battle that recently received a lot of media attention is that of Hollywood stars 65-year-old Richard Gere and his estranged wife, 54-year-old Carey Lowell.
Divorce does not have to be ugly. To many people, this may seem unlikely, but two spouses can separate amicably and even remain on cordial terms after. The trick is deciding how. Divorce mediation is probably the best way. This alternative to the traditional litigated divorce is fast becoming an accepted method throughout the country, including in New York.
New York residents may agree that high-asset divorces often tend to be highly contentious because of the large amount of money that is at stake. In fact, it isn't difficult to come up with some examples of high-profile couples - the Hamms and the Griffins - who recently ended their marriages with the asset division agreements going into millions or billions of dollars. Surprisingly, even after such huge settlements, the parties were not satisfied and chose to pursue further action to obtain more money.
The proceedings of celebrity divorces are always in the spotlight. When a famous New York couple has a confidential meeting with a judge, news of that meeting immediately hits the headlines. In order for proceedings to remain fair, it is imperative to keep information private in a high-asset divorce case.
Divorce mediation is considered as one of the more popular alternate dispute resolution options used by New York couples who want to end their marriages. Since a divorce can introduce unnecessary and avoidable stress and public attention to what can be considered a private matter, a divorce settled with mediation can reduce the inherent and costly problems of a litigated divorce proceeding.
During a divorce, one of the most preferred ways to finalize all of the different aspects is by a mutually agreeable settlement. A New York couple can approach a mediator to solve the legal issues related to their divorce. However, mediation is not recommended for people who have suffered domestic violence or child abuse.
A couple has to deal with many issues in a divorce, including property division, child custody, child support and alimony. Many people turn to mediation to ensure that the divorce process is smooth. Mediation not only encourages the parties to discuss the legal divorce issues in an open and productive discussion, but also allows them to address the needs, feelings and values at the root of the conflict.
Although New York has one of the lowest divorce rates in the country, the national rates are still troubling in the United States. And the divorce process is complex for high net worth individuals, as the recent conclusion of Jennifer Lopez and Marc Anthony's high-asset divorce proves. The divorce, involving high net worth assets and other marital property, was settled through prolonged negotiations and a complex asset division process.
Statistically speaking, New York has one of the lowest divorce rates in the country. However, given that the national divorce rate is almost 50 percent, it is not uncommon to hear of a couple splitting up. The end of a marriage is a sad event which raises serious questions regarding child custody and property distribution. Therefore, an open and productive discussion regarding the many issues may lead to an amicable dispute resolution.