Q: What are the downsides of a prenup?
A: Some may find the conversation about a prenup uncomfortable, as it can feel like planning for a divorce. However, the real downside is not having one if unexpected challenges arise—without a prenup, you could face lengthy court battles and financial losses.
Q: Is it a good idea to get a prenuptial agreement?
A: Yes, a prenup is a practical way to protect your financial future and ensure that both partners are on the same page about financial matters from the start.
Q: What happens when you get a prenuptial agreement?
A: Once you and your partner agree on the terms, your attorney drafts the agreement to ensure it’s legally sound. The prenup is signed and in place, offering you protection and clarity throughout your marriage.
Q: Can you have a prenup without your partner knowing?
A: No, both parties must be fully informed and agree to the terms of a prenuptial agreement for it to be legally valid. Transparency and mutual consent are essential components of a solid, enforceable prenup.
Q: How much does the average prenup cost?
A: The cost of a prenuptial agreement typically ranges from $2,500 to $10,000, depending on the complexity of the assets and negotiations involved. More intricate financial situations may result in higher costs, but the protection it provides can far outweigh the expense.
