Millennials’ attitude to marriage differs greatly from their parents, the baby boomers. They enter into marriage at a later age and with clearer expectations. This is correlated with things like a rise in prenups for Millennials [link]. Surprisingly however, some traditional attitudes to money prevail among Millennials. According to surveys, Millennial women are still less likely to take an active role than their male partner in managing finances. [link]
Financial illiteracy and financial dependence still affects women, who typically experience a greater drop in their standard of living after divorce than men. Money is also one of the leading causes of divorce. While prenups are a growing trend, talking about money still seems to be taboo.
Marital Mediation Is Not One Size Fits All
Discussing financial expectations when entering into a marriage doesn’t have to be as formal as making a prenup. In marital mediation you can enter into a discussion of expectations about money, and make a review of your finances. That can be formalized into a prenup if you wish.
Newlyweds living in San Diego are often dual earners with complex financial pictures including stock options, student debt and inheritance. At Divorce Options San Diego we are financial experts who can thoroughly evaluate your financial picture to help you plan for the future. We also bring psychoanalytical expertise to our mediation sessions so your decisions arise out of your true interests and desires. Too often one partner goes along with another and regrets it. You do have a choice to voice your wishes and desires. Money is not the romantic topic, but having plans for a shared future often brings couples together.
Your Money, Your Choice
When you are starting out in a marriage you might not think you have choices but you do. Even if your partner earns much more than you, your financial resources should be optimized to get the best for you. If you think a conversation about money is enough to manage expectations for the future and make a plan you can work this out in marital mediation. Marital mediation doesn’t mean something is wrong with your marriage. It is goal orientated and time limited and focuses on making mutual and informed decisions so you can plan.
If you want to go a step further and formalize your discussions into a prenup, the mediators at Divorce Options San Diego have the legal expertise to draft formal documents in compliance with California law.
Our Services And How We Can Help
At Divorce Options San Diego, our highly qualified San Diego mediators are certified financial planners with psychoanalytical expertise. Our California divorce mediators are caring, educated professionals who empower couples who want to mediate their marital difficulties, make financial plans, negotiate a prenup or put in place financial structures that will benefit them as individuals and enrich their marriage. The mediators at Divorce Options San Diego are all certified financial planners who apply thorough financial analysis to achieve an optimized result that will cover all aspects of your financial situation, including investments, property, and all other assets or debts. We provide a sophisticated review of your property and sustainable financial planning. When married partners are also business partners, we can explore your plans as married business partners to grow your business or make transition plans in the event you divorce. All our mediations start with thorough background research and information-gathering, which flows through the mediation whenever necessary. Marital mediation is goal oriented, time limited, and practical, and often results in clearly written agreements that are private, but can also be drafted as postnuptial agreements with legal significance if needed. At Divorce Options San Diego we emphasize an efficient, caring process that leaves out no detail relevant to your emotional, financial or legal situation. We have offices in Solana Beach, CA. We offer safe, socially distanced mediations that can be facilitated by Telephone, Zoom, Facetime and other videoconferencing tools. We are available 7 days a week and at urgent notice. Please contact us to see how we can help.