The cost of a premarital agreement varies considerably depending on several factors, including the complexity of the couple’s assets, the level of negotiation required, and the geographic location. A straightforward agreement with minimal assets might cost a few thousand dollars, while a complex agreement involving substantial wealth and business holdings could cost tens of thousands of dollars. Attorney fees typically represent the bulk of the expense.
Establishing a premarital agreement offers numerous potential advantages. It allows couples to define property rights and financial responsibilities in the event of divorce or death, offering a clear framework for future decisions. This clarity can minimize potential conflict and litigation costs later. Historically, premarital agreements were primarily associated with significant wealth disparity, but their use is becoming more widespread among couples regardless of their current economic status as a proactive measure for financial planning.
