Mediation

The goal of mediation is to resolve disputes through effective communication and mutual agreement between the parties.

Mediation is a process in which a neutral person or persons facilitate communication between disputing parties to assist them in reaching a mutually acceptable agreement. It is an alternative way to resolving disputes, so that parties do not need to resort to legal actions in order to achieve a resolution to their disagreements.

As a certified mediator, Plenaris Advisory offers mediation services in areas of financial dispute concerning investment, insurance, eldercare, or asset division in situations such as estate administration and marital dissolution. The goal is to assist parties involved in resolving their financial disputes through a low-cost and efficient process that would result in a satisfactory outcome for all concerned.

There are many benefits to mediation, including the following:

  • It provides a forum for parties to communicate openly and freely about their positions regarding the matter in controversy.
  • It is a private and confidential proceeding, so that sensitive matters would not be open to public scrutiny.
  • It is a voluntary proceeding, as all parties must agree to participate in order for mediation to proceed.
  • It is cost-effective and efficient. Controversies may be resolved in hours or days, instead of weeks, months, or years.
  • The proceeding is non-adversarial, unlike legal proceedings in court. Participants are required to conduct themselves with consideration, honesty, and in good faith.
  • The process is focused on problem-solving, instead of legal wrangling.

Unlike a court or an arbitration decision, participation in mediation does not affect a participant’s rights in pursuing other legal actions in the event the process fails to yield an agreement. However, any agreement by the parties involved in mediation can be legally enforced if they are in writing and are signed by the parties.

Mediation is a highly effective way for people to resolve their disputes with the assistance of a neutral mediator. A mediator is fundamentally a ‘peacemaker,’ whose goal is to help people communicate and resolve their differences to their mutual benefits.

Mediation is especially useful in a financial conflict where all parties seek to reach a settlement efficiently and equitably.