Richard P Hendry is a state registered mediation and divorce financial planner who has met the qualifications required by the state of Georgia and several Superior Court Programs within Georgia.
Divorce Mediation
Mediation differs from the litigation of a divorce or separation. This is a private and confidential process through which a couple, assisted by a mediator, can arrive at their own decisions concerning what is fair and reasonable for their particular situation. Both parties are strongly encouraged to have their individual attorney review any agreements. The only document that leaves the session is the Agreement also known as the Memorandum of Understanding. All mediator notes are destroyed at the conclusion of the session or upon full completion of the issues if multiple sessions are required. Mediation is voluntary and either party has the right to end the mediation process at any time.
Attorneys are welcomed to participate in the process with their clients. In the event Attorneys attend they are able to provide insight and advice in regards to the specifics of their client’s interests and assist in the resolution of the issues.
Mediation Sessions
The number of mediation sessions needed to reach an agreement will depend upon the issues and their complexity. Sessions are scheduled at the parties convenience and are generally scheduled for up to 2 hours per session and may occur over several weeks if needed by the parties.
The Agreement/ Memorandum of Understanding
Following each session a “Rough Draft” of the agreements reached and issues remaining to discuss are drawn up and provided to both parties for review prior to the next session and allows for parties to share information with respective counsel. The agreement is a work in progress and will change from session to session based on agreements in areas such as division of property, spousal support, child support, parenting issues, time with the children, etc. Once a final agreement is reached, a final draft is completed by the mediator and provided to the parties. The agreement is then reviewed by the parties and counsel and is signed and incorporated into the final divorce decree as your Divorce Settlement.
Fees
Mediation fees are charged on an hourly rate based at $150 per hour. The total cost depends on how many sessions and the number of hours needed for completion of each session. Fees are payable at the conclusion of each session. There is a one time fee for the Memorandum of Understanding that is paid at the close of the initial session.
In the event, mediation is to occur outside of a specific geographic area, travel expenses may also be required.
Who is a good Fit for Mediation Services?
· Individuals whom have never handled the finances during their marriage.
· Individuals whom have children and need a neutral party to formulate a parenting plan for both parties.
· Individuals whom need someone they can trust as a neutral party to help come to an equitable agreement.
· Individuals whom have significant equity in their home.
· Individuals needing a QDRO to be followed up for retirement assets.
· Individuals with multiple investment and bank accounts to divide.
Our entire firm is committed to helping you achieve the best financial results during and after your divorce settlement.
*These services are not affiliated with Raymond James Financial Services, Inc.
