The Law Offices of Van A. Schwab
Jump To Practice Areas
Chicago312-702-1745Skokie and Libertyville847-208-4569

Wealthy couples may choose mediation to save costs

The more assets an Illinois couple has, the more likely it is that their divorce process may be vulnerable to lengthy and protracted arguments and, ultimately, high costs. However, divorce mediation is helping some well-heeled couples divorce quickly, cleanly, and at a much lower cost than is usual in high-profile cases.

The savings of these fees is no small matter. In New York, for example, a divorce that goes to trial can easily cost at least $100,000, whereas a mediated divorce might cost only $1,000. Mediation also affords the couple more control over the divorce process and allows for creative solutions to problems that might otherwise be decided by a judge.


Mediation may not work in every case. It requires common goals, especially if the couple has sizeable assets. It is also important that both partners agree to keep the divorce out of the public spotlight. This may be difficult if the couple is well-known or are public figures. However, negative publicity can lead to even more problems and can drag divorces out much longer than necessary, so both partners must agree to keep silent about the process and work only with each other.

Divorce mediation does not mean that either party gives up his or her rights. An Illinois family law attorney can still represent each party in the action to ensure that no rights are violated and that the final agreement is fair to his or her client. However, the lawyers' fees associated with a mediated divorce are usually much less than those of a divorce that lasts many months or years and winds up going to trial.

Source: Barron's, "Low cost divorce," Michelle Lodge, Feb. 26, 2013

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Chicago Office
134 N. LaSalle St., Suite 1820
Chicago, IL 60602

Phone: 312-702-1745
Fax: 312-372-4010
Map & Directions

Skokie Office
10024 Skokie Blvd, Suite 245
Skokie, IL 60077

Phone: 847-208-4569
Fax: 312-372-4010
Map & Directions

Libertyville Office
1641 North Milwaukee Avenue, Suite 12
Libertyville, IL 60048

Phone: 847-208-4569
Fax: 312-372-4010
Map & Directions

Libertyville Office
Review Us