Prenuptial agreements are written contracts between both marital parties deciding upon their rights in the event of divorce or a death. It is a document to safeguard the interests of both parties. Divorces have become common in the United States, and it is wise to make a document that defends your rights. It is not a document proving your anticipation of divorce, but to clearly define the territories of you and your partner.
The contents of prenuptial agreements differ from person to person, but the basics remain the same: the prenup defines the property division and spousal support in the event of separation.
Hiring lawyers
If you are thinking about getting a prenup made by a lawyer, it is better that you hire two lawyers instead of one, as there will be one lawyer to tend to each one's case. But before you both draft the case, you should decide the mandatory terms of the pact.
Costs
The prenupital lawyer fees depend upon the state, and the locality. Generally, the fees lie somewhere in between $700 to $800 to get a prenuptial agreement prepared by a lawyer. The costs are variable and may lie outside this boundary. The expenses also depend upon the amount of negotiation required to arrive at an agreement, and the complexity of the finances of the couple. Additional costs might be involved if you feel the requirement to hire an appraiser as well, to value real estate, collectible property, or business.
Costs also depend upon the time factor. If your wedding date is approaching near, and you want a prenup to be made as soon as possible, the lawyer will charge higher rates per hour. Generally the attorneys, who draft prenups request early retainers, and charge on hourly rates.
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