11 - Property and Debt
This chapter considers concepts and strategies for assisting agreement on property and debt division issues.
The first challenge here is to figure what we are talking about. Understanding the parties' assets and debts, including tax considerations, is part of the joint educational process of the mediation.
Once the mediator and participants identify that which exists, it is often best to identify the principles that make sense to the participants and the possible interrelationships between issues (eg tax exposure, higher ongoing costs, etc.)
A number of strategies for assisting participants to reach agreement on property and debt issues are here included. Note that it is not unusual for participants to come to complete or near complete agreement on their own once the information is clearly set out.