A prenup (also known as an ante-nuptial agreement, premarital agreement, or prenuptial agreement) can be relatively inexpensive or very expensive depending on the issues and property involved.
A prenuptial agreement is a contract that parties sign prior to marriage that triggers in the event that the parties are divorced. If parties have a lot of assets, personal property, debts, or other resources, then the cost of the prenuptial agreement may be more expensive, because the attorney(s) drafting the agreement will need more time to flesh out the terms of the agreement. Some common factors that need to be considered include:
- How will the property be divided?
- Are there any outside factors that would change the division of the property?
- Will one party be working during the marriage?
- Is a party quitting their employment?
The more issues and the more complex the prenup, the more expensive it will be.