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How Much Does a Prenuptial Agreement Cost?

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 How much does a prenuptial agreement cost? Prenuptial agreements, oftentimes referred to as pre-marital agreement or a “prenup”, is usually talked about when a couple decides to get married. Even though a lot of people believe prenups are just for the affluent, these agreements can benefit couples from different social and economic backgrounds. When considering a prenup, the first question that comes to mind is how much is it going to cost. Below will go into more this question and go over some general information about these types of agreements.

How Much is a Prenuptial Agreement Going to Cost?

These agreements are legal contracts that couples can carry out prior to tying the knot. A prenup documents each individual’s assets prior to the marriage taking place and specifies how financial matters are going to be managed should they get divorced. Prenups are shockingly common and are turning out to be more popular year after year. This movement could be for several reasons:

  • It is more common for couples to put off get married so they accrue more assets prior to the marriage
  • The frequency of divorce in preceding generations (children witnessing parents getting divorced)

Getting assistance from a family lawyer to draw up a prenuptial agreement is highly recommended since this documentation is critical. Prenups are required to include specific details, and if prepared improperly, the contract might not hold up in a court of law. The average cost of a prenup is around $550. Prenuptial agreement costs are subject to many variables, including the couples location, the how complex the document is, and any added condition that the couple wants included in the agreement.

The Cost of Drawing Up A Prenuptial Agreement

Drawing up a prenuptial agreement entails expenses since it requires the time of a licensed lawyer to finish the project. As reported by ContractsCounsel’s data, the average prenuptial agreement drafting expenses are $750 throughout all states and industries.

Examining Prenuptial Agreement Expenses

When you require a prenuptial agreement to be examined, hiring a lawyer is going to come with fees. Your lawyer is going to need to review the document to analyze the conditions and make sure the document is enforceable legally. You are going to need to compensate your lawyer for their time spent on your project. ContractsCounsel’s data shows the average prenuptial agreement review expenses to be $450 throughout all states.

How is a Lawyer going to Charge for a Prenuptial Agreement?

Family lawyers charge for their service in different ways; Nevertheless, the 2 most favorable payment methods used are by the hour and flat fees.

Hourly Rates for Prenups

The prevalent fee method for family lawyers is the hourly rate. Lawyers bill clients at an hourly rate, ensuring fair compensation, typically ranging from $250 to $350 per hour.

Flat Fee Rates for Prenups

More contracts, including prenuptial agreements, are increasingly using flat fee billing for transparent legal costs. However, it’s vital to clarify inclusions, like meetings and revisions. The average prenup flat fee is around $550.

Sources:

  1. Prenuptial agreement cost. How Much Does It Cost? (2021). (n.d.). Retrieved December 20, 2021, from https://www.contractscounsel.com/b/prenuptial-agreement-cost

 
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