13 October 2014
The More Spent on a Wedding The More Likely a Divorce
Celebrity weddings seem to becoming more lavish. Take the recent wedding of George Clooney and Amal Alamuddin in Venice. The nuptials lasted 4 days, and are reported as racking up an estimated wedding bill of £8 million, as the couple sped through the waterways of Venice.
Amal's wedding dress was Oscar de la Renta and the guests included Anna Wintour, Bono, Matt Damon, Cindy Crawford and Bill Murray.
Similar weddings include that of the rapper Kanye West and Kim Kardashian who married in Florence last May. Kim’s previous wedding to basketball player Kris Humphries cost an estimated £6 million but the marriage lasted only 72 days before they were divorced. Weddings are becoming more lavish and the wedding industry is booming.
However recent research from Emory University in Atlanta, USA has found no positive link between having a big, expensive wedding and a successful marriage.
By contrast, Andrew Francis and Hugo Mialon, Professors of Economics at Emory University in a paper published recently titled ‘A Diamond Is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration” wrote “We find evidence that marriage duration is inversely associated with spending on the engagement ring and wedding ceremony.”
The study was based on the wedding budgets and marriage track records of more than 3,000 U.S. adults. They found that women whose weddings had cost more than $20,000 ended up getting divorced 60% more often than those whose weddings were cheaper. And men who spent between $2,000 and $4,000 on their engagement ring got divorced 30% more often than those who spent between $500 and $2,000. Their research in fact recommends that we should be doing the opposite.
“The evidence suggests that the types of weddings associated with the lower likelihood of divorce are those that are relatively inexpensive but high in attendance.”
It’s well known that the cost of an expensive wedding can put a strain on a couple and that money troubles consistently feature as a leading cause of marriage problems. Fairy-tale weddings can also raise unrealistic expectations about marriage.
So how can our Divorce Solicitors help you if things go wrong? We offer all forms of dispute resolution including Mediation and Collaborative Law. Before starting court proceedings it is now compulsory except in certain exceptional circumstances to attend a Mediation Information Assessment Meeting to find out if Mediation is suitable and the best way forward.
Here at Slater and Gordon Lawyers in Milton Keynes, our Solicitor Mediator Tara Deegan is trained to offer Mediation Information Assessment Meetings (MIAM) and can offer appointments at short notice at our offices in Central Milton Keynes. Tara is not only trained as a Mediator but has been a Family Law Solicitor for 21 years so brings years of experience to her role as family mediator.
Slater and Gordon offer Mediation Information Assessment Meetings across England & Wales.
It will usually take a series of meetings between the separating couple and the mediator. Throughout the process they work with an independent third party, the Mediator, to help them both reach an agreement that they both feel comfortable with.
By contrast divorce court proceedings take time and can be very expensive. Mediation gives the couple a degree of control over the speed and cost of the divorce and is invariably quicker and less expensive. Indeed UK Government data has shown that 8 out of 10 people that begin Mediation go on to reach an agreement. Previous parties to Mediation say that it's less stressful and less acrimonious than going to divorce court.
For further information about our Mediation services in Milton Keynes, Tara is available to discuss any initial enquiry on the phone at no charge; and then charges £89 +VAT each or £139 +VAT per couple for the first MIAM meeting.
Thereafter Mediation sessions costs £150 +VAT per person, a lower rate than most Divorce Solicitors. As Mediation involves direct meetings and discussions, the costs remain low as compared to instructing a Divorce Solicitor and the process can sometimes reach a resolution after a few weeks.
Tara Deegan is a Family Law & Divorce Solicitor at Slater and Gordon Lawyers in Milton Keynes.
For more details or to arrange a Mediation Information Assessment Meeting in Milton Keynes call 01908 354 154, or call freephone 0800 916 9055 for Mediation services in England & Wales.
Slater and Gordon also offer a free initial consultation for Family Law & Divorce issues, call the freephone number above or contact us online and we will call you.
Slater and Gordon Lawyers have over 1,450 staff and offices in London, Manchester, Liverpool, Sheffield, Birmingham, Milton Keynes, Bristol, Merseyside, Cambridge, Edinburgh, Cardiff, Halifax, Newcastle, Wakefield, Derby & meeting rooms in Bramhall, Cheshire.
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