The parties to a high net worth divorce case
are free to reach an agreement on all or part of their case outside of court. In almost every case, the parties are required to attend mediation, a process where the mediator is a neutral third party who assists the parties in negotiating an agreement to resolve their case outside of court. Each party’s lawyer attends mediation with the client and will advise the client on the law and the pros and cons of the other party’s proposals. The parties can reach an agreement on all issues or only some issues, and the agreement can be a temporary agreement or a final agreement. If the parties reach an agreement, the agreement is written and signed by both parties. Courts enforce the agreements between the parties, especially as those agreements relate to the division of property or the amount and length of alimony. For agreements related to child custody or timesharing and child support, the court will enforce the agreement as long as the court is satisfied that it’s in the children’s best interest. In that case, the court will allow the parties to make the necessary arrangements that best suit their family, their children, and their lives.