Binding Arbitration offers a less formal and more cost-effective alternative to court for resolving personal property disputes or other limited issues agreed upon by the parties. This process allows families to avoid prolonged litigation while still obtaining a final, enforceable decision from a neutral third party.

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How Arbitration Works:

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The scope and format of the arbitration are typically tailored to the nature of the dispute and may vary in complexity:

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• In more detailed matters, the arbitration may involve:

  • Asset valuation

  • Appraisals

  • A formal hearing with evidence and testimony presented to the arbitrator

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• In simpler cases, the parties may:

  • Submit written documentation

  • Provide a list of assets and values (agreed-upon or disputed)

  • Allow the arbitrator to make a determination based on those submissions

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The cost and structure of the arbitration process are either agreed upon in advance by the parties or directed by the arbitrator, depending on the situation.

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At the conclusion of the process, the arbitrator issues a written decision that is binding on both parties, carrying the same weight as a court order.

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Traci Capistrant provides personal property arbitration services, offering a fair, efficient, and respectful process for resolving disputes outside of the courtroom.