*Disclaimer – These fees are always changing, and this is not an actual quote. If you need an experienced divorce lawyer contact Moshier Law to start your initial consultation.
Low: 1,200 to $2,400
Avg: $2,500
High: $7,500 to $10,000
Determining the cost of a prenup agreement depends greatly on your assets, in addition to how complex the agreement is. In a lot of cases, a lawyer charges by the hour to create a prenuptial agreement. Nevertheless, at Moshier Law, we charge on a flat fee based on your requirements. The costs may vary from a couple of thousand dollars to the tens of thousands based on what it is required to cover.
The lowest cost you can plan to pay for a prenup may range from $1,200 to $2,400 for the US in 2020. As reported by BusinessInsider, “Typically, prenups cost around $2,500, but can cost more if you spend a while haggling out various issues.” However – that is only the price when your finances are straightforward. Couples arbitrating complex matters, or that live in major metro areas, can anticipate paying somewhere from $7,500 to $10,000 each.
There is not a set price for prenup agreements. As reported by GoBankingRates, “Prenup price estimates are all over the map. One California firm says the average prenuptial agreement its attorneys write costs between $2,000 and $6,000 per person. Some charge a set fee; many charge by the hour. If you have no money, you have no prenup.”
In comparison, the average price to purchase an engagement ring is $5,978, and the average wedding will cost $26,720. When considering those numbers, the cost of a prenuptial agreement seems far more acceptable. And a prenup agreement is guaranteeing your financial security in the coming years.
What is the cost of a prenup? Basically, it all depends on the situation. It does not cost more than the average wedding and provides financial safeguarding that is invaluable.
Cost Factors of Preputial Agreements
The cost factors of a prenuptial agreement include:
- Your geographic location
- How complex the agreement is
- Knowledge and discipline of the lawyer creating the agreement
- The lawyer’s prenuptial agreement fees
- Your assets
- Lengthy negotiating
- Arbitrating complex matters
Long-term Considerations About Prenup Agreements
At Moshier Law, we think if you both are discussing about a prenup then you are open to a communication level seldom seen in relationships nowadays.
By discussing the relationship’s future, you also address the true costs to both of you long term.
Terminating a marriage is not easy. By laying down ground rules, you safeguard each of your assets and finances.
The prenup cost is an investment in your marriage and provides the protection you can’t get any other way.
When To Talk About Prenuptial Agreements
When you have answered the question “how much does a prenup cost?” you’re maybe wondering how to approach the topic and when to talk about it. We advise all parties that are going to sign a prenuptial agreement to sign it at least thirty days prior to the wedding, but the document needs to be created months prior to the marriage date. A couple of months in advance of the wedding enables time for each party to look the document over.
You and your future significant other should preferably start talking about a prenup before having papers created. It is best to bring up the topic in a calm manner around 6 months ahead of the wedding date. This gives you each enough time, as individuals and as a couple, to talk about your financial goals and lifestyle decisions, and coming up with ground rules for the prenup.
Sources:
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OgborneEngaging, Michelle N. “How Much Does a Prenuptial Agreement Cost?” Ogborne Law, PLC, 4 Dec. 2019, https://ogbornelaw.com/prenuptial-agreement-cost/.
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Hoffower, Hillary. “You Don’t Need to Be Rich to Get a Prenup – Here’s How Much You Should Expect to Pay.” Business Insider, Business Insider, 20 Oct. 2018, https://www.businessinsider.com/how-much-does-prenup-cost-2018-10.
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Spengler, Teo. “9 Reasons a Prenup Isn’t Worth the Cost.” GOBankingRates, Toggle Navigation Back, 7 Mar. 2019, https://www.gobankingrates.com/saving-money/relationships/reasons-prenup-isnt-worth-cost/.
Need an Affordable Prenuptial Agreement Lawyer in Scottsdale?
Moshier Law should be your choice when you need the best prenuptial agreement assistance in Scottsdale. An experienced family law attorney will work with you to obtain the best possible outcome in your situation. We advocate for our clients so they have the brightest future possible. Give us a call today at 480-999-0800 for a free consultation.
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