If you plan to marry and are considering a prenuptial agreement (prenup), you may have concerns about the cost. At Dolan Divorce Lawyers PLLC, our experienced prenuptial agreements attorneys charge an hourly rate to create these contracts, which means you have some control over the expense.
For some couples, the costs of a prenuptial agreement in New Haven are a wise investment. The process requires open communication and fosters financial clarity, which are significant advantages in marriage. If your relationship breaks down and you must enforce the prenup, the agreement may ultimately prove a cost-effective solution.
When a married couple divorces, Connecticut law requires them to divide their property fairly. Everything either spouse owns on the date of their parting is potentially subject to division. Prenups allow a couple to deviate from the law’s property division standards and tailor an equitable agreement to their specific circumstances.
The content of the contract depends on each partner’s position in life at the time of marriage. Influential factors may include:
The answers to these questions will likely impact the content of a prenup and the cost to prepare it, and a couple can consult a New Haven attorney to discuss their respective financial positions and decisions.
The lawyer will draft an agreement based on these discussions, reflecting both parties’ specific circumstances and wishes. Couples should request an estimated timeframe, keeping in mind that revisions will require extra billable time.
Prenups are worthless if they are not enforceable. Connecticut General Statutes § 46b-36g requires couples to exchange financial information before signing such a contract. Each party must have the opportunity to review the disclosure and obtain independent legal advice before signing.
Analyzing disclosures and incorporating them into a prenup can be labor-intensive. Drafting a prenup for a young couple with uncomplicated finances is relatively straightforward. The process becomes far more complex when one or both parties are parents, possess substantial or varied holdings, or have interests in family businesses, professional partnerships, or corporations. The number of hours required to draft an enforceable agreement will depend on these and other factors..
Prenups can be worthwhile even if the marriage lasts until death. The relationship benefits when both parties enter it with clear expectations and an agreed financial exit strategy.
If the marriage ends, the parties divide their property in accordance with their contract.
In most cases, they can accomplish this quickly and expedite divorce proceedings with little or no input from lawyers. Making arrangements for children, if they have them, is one of the main considerations not addressed by the contract, although if alimony is left open, that can also require time to resolve.
Your specific circumstances determine the costs of a prenuptial agreement in New Haven. At Dolan Divorce Lawyers PLLC, we strive to handle your matter as efficiently as possible while prioritizing quality. Contact us today.
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