If you and your spouse are thinking of creating a prenuptial agreement, you're probably wondering how much it will cost. Weddings are expensive, and you may hesitate to add another expense to the list as you start your life together.
It's natural to want to look for a law firm that can create your prenup for the least amount of money. But if there's any legal service worth investing in, it's a prenuptial agreement.
You get what you pay for when it comes to prenuptial agreements. Working with legal counsel who approaches prenups with the right attention to detail can save you time, headaches, and money down the line.
A Prenup Is an Investment in Your Future
When you shop around for the lowest price for a prenup, you risk sacrificing a well-thought-out agreement that will give you security and peace of mind.
Premarital agreements are investments in your future. They not only prevent you from having to give away assets and income, but they also protect you against future emotional distress.
The smartest time to discuss your wants and needs for the relationship is when you and your spouse both have a level head. Waiting until your marriage has begun deteriorating or is already over to discuss topics like property division, child custody, child support, and spousal support adds unnecessary stress.
Using the cheapest law firm you can find for a pre or post-nuptial agreement may result in a lack of review of important topics, requiring you to make decisions about them in the heat of the divorce instead. Think of your prenup as an investment in your future and your peace of mind.
A Well-Thought-Out Prenuptial Agreement Doesn't Come from a Template
Every couple is different, and you need a prenuptial attorney who can address the unique factors that make up your relationship. A well-drafted prenup begins with your lawyer asking you and your future spouse questions, such as:
- What is important to you?
- What are your goals for the marriage?
- What are your plans?
- What does a marital partnership look like to you?
Your attorney will also dive into the specifics of your finances and family life, addressing topics like:
- How would you divide debts in a divorce?
- How do you personally define marital property and separate property?
- How will you address spousal support?
- What are your expectations for spending money once you are married?
While it's possible to create a prenup online and fill in the blanks, doing so won't leave you with a comprehensive plan that addresses your unique relationship. The level of attention to detail and evaluation required for well-thought-out prenuptial agreements takes time, effort, and experience. It is well worth the extra money you may spend by choosing a quality law firm over a cheaper option.
Your Prenup Offers Security Should Your Marriage End in Divorce
While no engaged couple expects their marriage to end in divorce, statistically speaking, divorce is a possibility you and your spouse need to consider. If this is your first marriage, there's a 50% chance it will end in divorce. If it's your second or third marriage, that probability increases to 60% or 70%.
You don't want to pull out your prenuptial agreement in five, 10, or 20 years and find that it wasn't well-written or doesn't accurately reflect your needs. Without a detailed agreement in place, you'll default to the property division requirements under the law, and they may not accurately reflect your wishes or account for the special circumstances in your family.
Invest in a high-quality prenuptial agreement that will provide long-term security. Contact Vacca Family Law Group today at 212-768-1115 to learn more about prenuptial agreements or schedule a free introductory call.