HOW CAN I GET A PREMARITAL OR PRENUPTIAL AGREEMENT AND HOW MUCH
DOES IT COST?
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Why use mediation or co-mediation for a premarital agreement or
prenuptial agreement?
Mediation lets you set
the agenda, the schedule, and the flow of the discussions.
The most important thing that mediation helps you accomplish is
that you and your fiancé will discuss the issues and reach
an agreement before your individual lawyers get involved. This keeps
the cost and acrimony to a minimum.
You may want to take a look at 10 Tips on
Why Prenuptial Agreement Mediation Works.
There are many advantages to using mediation, and click here to
see what we think are the most important advantages.
To learn more about our mediation staff, use the following links to read
about: Diana Mercer, Tara
Fass.
What is the difference between the traditional
way of making a Premarital Agreement and mediation?
Traditional Way: The typical way of handling
premarital agreements is that the fiancé who wants to have a premarital
agreement has his or her lawyer draft an agreement which is very favorable
to the client asking for the premarital agreement. The recipient attorney
then makes many one-sided changes in favor of his or her client (the other
fiancé), and then the agreement goes back to the first lawyer,
who disagrees with most of the changes. As a result, the agreement is
redrafted multiple times... all charged by the hour.
Worse yet, the first time the couple sees or discusses the agreement
may be after the first draft. Their input into the draft itself
may be limited, and mostly guided by the lawyers.
Mediation: The Better Way: The fiancés develop
a list of issues to discuss with a mediator, and the mediator helps them
explore the options and decide how they'd like to handle each issue. Each
fiancé may have the help of an individual lawyer during this process,
but the agreement is tailored around the couple's priorities and needs.
The lawyers are acting as sounding boards and advisors, and they're helping,
but not driving, the process.
The result is that when the agreement is drafted, it represents
the agreement of both fiancés. Typically, it needs very little
revision.
At Peace Talks Mediation Services, our mediators will make sure
that you have thought about all of the options before you sign your
agreement.
How much does a premarital agreement or prenuptial agreement
cost?
Premarital agreements
can be complicated, as you can see from the checklists. If you feel like
you need a premarital agreement, you probably do need one, and it's worth
doing correctly.
Fees start at about $1500. Depending on the complexity of your situation
and the types of things at issue, you may want to budget between $3500
and $10,000. The mediators at Peace Talks can give you an estimate for
your total agreement cost when you come in for your mediation orientation.
We also suggest building in the cost of a premarital agreement
into your wedding budget. |