Prenuptial agreements may seem to engaged people in love like something people only ask for when they are not confident in the relationship. Even when people are not reacting emotionally to the question of a prenup, it may not seem like much of an issue if prospective spouses do not have too much money to their name.
But an agreement on what happens to the accounts and properties connected to a marriage in the case of divorce is not required only by people with high-value assets. And they are not just to shore up an ailing relationship. They are often a relief to spouses with lingering questions on things of value that matter to them and their families.
This security comes at an affordable price as well. Although prenuptial agreements are often more expensive to execute, they are certainly less expensive than any future litigation or legal fees in the case of separation or divorce. If two people’s finances are simple, they may spend as little as $1,200 on a prenup.
These costs can go up quickly when partners disagree on major points that need to be fleshed out in a prenuptial agreement. So, it is best to go to an attorney with a clear idea of what should be agreed upon and how.
Executing a prenuptial agreement is a smart step before a solid marriage if either partner has doubts about the financial or real estate aspects of the relationship. Legal representation can make this process easier, cheaper and better informed than trying to arrange these important points alone.