What You Need to Know About Paying for a Prenuptial Agreement in California
The cost for drafting a prenuptial agreement in California will vary based on the number of assets, as well as the complexity of the contract, and the amount of time it takes to write it. Here’s everything you need to know about asking a fiance to pay for a prenup in California.
There is no fixed cost for creating a prenuptial agreement, but rather, it is conditional to each couple’s situation. According to BusinessInsider in 2019, an average prenup begins between $1,200 to $2,400, but this price can increase depending on the factors outlined above and where the couple is located. Attorneys will likely charge the couple per hour, so the longer it takes for the couple to write their prenup, the more it will cost. It is important to keep in mind that these estimates are subject to change, based on all of the factors unique to each couple.
Related: Prenup vs Postnup in California: The Difference
Who Can Pay for a Prenuptial Agreement in California
While the specific costs of a prenuptial agreement will vary, each fiance is likely to pay between $2,000 and $6,000 per person when all is said and done. The responsibility to pay will fall on both fiances entering the prenuptial agreement. Both fiances must be on board with the decision to create a prenuptial agreement and understand that related costs will be influenced by a number of factors.
Factors to Consider in Determining the Cost of a Prenuptial Agreement
The following factors will influence the cost of a couple’s prenuptial agreement:
- Their geographic location,
- The intricacy of their agreement,
- Attorney fees,
- The number of assets and property to be divided, and
- The amount of time it takes to negotiate the agreement
Fiances should keep in mind that although costs may vary based on the value of the assets, a prenup can be viewed as an investment. A prenuptial agreement can protect one’s assets and finances from potentially being taken advantage of by their spouse, especially if there is a large amount to begin with. Additionally, it serves as a measure in place to demystify divorce proceedings should they ever occur.
Related: How to Get a Prenup in California: Prenuptial Agreements
Contact Us
If you have any more questions about asking a fiance to pay for a prenup in California, contact us. One of our experienced family law attorneys can help form a prenuptial agreement that works for you and your partner. Get your free consultation with the right attorney today.