168. Mediation Mistakes That Can Cost You Thousands | Divorce Financial Clarity Explained

Thinking about divorce mediation? Before you walk into the room, ask yourself one question: What exactly are you mediating if you don’t even know what you have? In this episode of Divorce Explored, Karen Chellew (Legal Liaison) and Catherine Shanahan, CDFA® (Certified Divorce Financial Analyst) from My Divorce Solution reveal the most common — and most costly — mistake they see every week: people going into mediation without complete, verified financial information. They’ll show you why financial clarity is the strategy, and why mediation is just a tool. What You’ll Learn: Why “just mediating to get it over with” can cost you thousands later The real difference between asset division and spousal support How a “55/45 split” can be misleading (and not actually in your favor) How to avoid the pressure of signing after 10+ hours at the table When to say “I’m not ready” — and why that’s your legal right How the MDS Financial Portrait™ prepares you for mediation with facts, not fear. Before You Mediate: Verify all assets and debts (not just what someone says out loud) Confirm income for both parties Know your realistic support range Review property division scenarios Identify your non-negotiables Get your MDS Financial Portrait™ to organize it all About My Divorce Solution: Founded by Karen Chellew and Catherine Shanahan, CDFA®, My Divorce Solution has helped over 15,000 families navigate divorce with financial confidence and clarity, saving over $1M in legal costs using their signature process — the MDS Financial Portrait™ Start with their free Financial Assessment, then get your verified Financial Portrait™ to walk into mediation empowered, informed, and prepared. 🌐 Website: https://mydivorcesolution.com 👥 Join our free Divorce support community: https://community.mydivorcesolution.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices