We Establish Prenuptial Agreements.
Work with Our Firm to Organize the Conditions of Your Marriage.
If you are planning to get married, you may have pondered hiring a lawyer to draft a prenuptial agreement. In this post, we’ll tell you what our law firm charges for prenuptial agreements.
A prenuptial agreement can be a good idea for several reasons. First, though everyone hopes their marriage will last, it is no secret the odds of this are not too promising. According to Forbes, as of 2024, about 43% of first marriages end in divorce. For second and third marriages, it gets worse. Second marriages have a 60% divorce rate, while third marriages have a dismal 73% divorce rate. Given these numbers, it’s not surprising prenups have become very prevalent in today’s world.
Second, a prenuptial agreement can greatly reduce the uncertainties of divorce. If a divorcing couple has no prenup, it is difficult to predict how a judge may divvy up their property. It’s a gamble. And if you’re unlucky, your spouse could get a windfall, with you having to pay a small (or large) fortune. Further, alimony might come into play if no prenup is in place. This is particularly true the longer the marriage and the greater the assets.
Third, the investment to have a prenuptial agreement drafted is small compared to the amount of money it could save in the unfortunate event of divorce. In addition to the matters discussed previously, if no prenup exists, both spouses normally pay a hefty amount of money to a divorce lawyer. Litigated divorces, particularly high asset ones, can be unbelievably expensive. A prenup almost certainly will greatly reduce these costs.
Mississippi law favors prenuptial agreements. The law allows couples to plan for property allocation in the event the marriage ends. This makes sense for a lot of people. It can vastly reduce the stress and strife that often comes with a litigated divorce.
It is important to discuss the possibility of a prenuptial agreement with your future spouse early. You don’t want to present him or her with a prenuptial agreement just before the marriage ceremony. If presented too late, a prenuptial agreement can be challengeable based on duress. It is also critical to fully disclose your assets so that the prenuptial agreement cannot be challenged for lack of disclosure. The best policy is to always be up front and honest, so the agreement will be enforced by the court.
Our firm has assisted many spouses to draft prenuptial agreements to plan for these uncertainties and mitigate risk. We can only represent one of the parties to the upcoming marriage. Your future spouse could hire his or her own attorney to review the agreement we draft for you. Or, if another attorney has already drafted an agreement for your future spouse, we can help you review the agreement and advise if it is something you should sign. We can also negotiate any needed revisions to the agreement.
So how much does the process cost? At Grant Legal Group, we prefer flat fee pricing. This means we quote you a price, and that’s exactly what it will cost. There are no hidden fees and no surprises.
Generally, to draft a prenuptial agreement, our firm changes a flat fee of $2,000 to $3,000. To review and negotiate changes to a prenuptial agreement drafted by your future spouse’s attorney, we generally charge $750 to $1,500. The exact fee will usually depend on the amount of assets involved and your specific needs.
We hope you have found this post useful. If you need an attorney to draft or review a prenuptial agreement, please contact us to schedule a consultation. You can call or text us at (601) 827-3031 or email us using the contact form below.