How Much Does a Prenup Cost?
The more accurate question may be, “How much does it cost you NOT to get one?” Once you’ve established the need for a prenup the cost of drafting can vary widely.
Much depends on the complexity of the contract. I encourage you to consider the cost of drafting a prenup as if it were an insurance policy whose terms include all aspects of your life together. Just as in any insurance policy, the premium will depend in part on the value of the asset that it insures. It is a very different exercise to draft a marital contract for an estate valued at $100,000 dollars than one valued at $100 million, or more.
Whatever the cost it’s a small price to pay for security. If you were buying a house and were told that there was a 50% chance of it burning down, would you buy fire insurance? You bet.
One of the big benefits of a prenuptial agreement is that – if drafted and executed properly – it will mitigate the time and expense of litigation in the event of divorce.
Note that some attorneys charge a percentage of the assets that are the subject of the contract, others a flat fee, or an hourly rate. Be prepared to pay several thousand dollars as a starting point.
My rates are fair, competitive, and reasonable. Every prenuptial agreement is unique as is every relationship. After an initial consultation to discuss your overall expectations for the marriage contract and your personal estate plans, I’ll give you an estimate of the cost.