How Much Does A Prenup Cost?
Wondering how much a prenuptial agreement costs? Here’s a breakdown of average expenses, factors influencing attorney fees, and tips to save money on your prenup.
How Much Does A Prenup Cost?
Wondering how much a prenuptial agreement costs? Here’s a breakdown of average expenses, factors influencing attorney fees, and tips to save money on your prenup.
The average cost of a prenup
Research suggests that the cost of a prenuptial agreement can vary significantly. A recent survey by HelloPrenup found that couples typically spend an average of $8,000 in total, or about $4,000 per person. However, a Business Insider article reported a lower average cost of $2,500 per individual, resulting in a total of $5,000 per couple. This discrepancy highlights the numerous factors that can influence the final price of a prenup. Between the two numbers, it’s safe to say that the range for the average prenup is between $5,000 and $8,000 per couple.
Factors affecting the cost of attorney’s fees for a prenup
Location
Attorney’s Rates
Clients’ Needs
Special Requests
Financial Disclosure
Negotiations
Number of questions
you have
What is an attorney retainer?
If you are going the traditional attorney route for a prenup (and not using HelloPrenup), you’ll likely be requested by an attorney to pay a “retainer.” This is a common practice in the legal world. It’s a way to secure the attorney as your lawyer. It requires you to pay the attorney a lump sum of money, let’s say $5,000, and the attorney deducts their hours spent from the retainer as they work on your prenup. So, the $5,000 you pay them may be all used up if the attorney spends a lot of time on your prenup, or if they don’t spend all the time on your prenup, they may return some of the retainer to you. Be warned, though, some retainers are NON-REFUNDABLE. Make sure you understand the terms of your retainer payment.
The bottom line? This means that your attorney will likely request a retainer for your prenup agreement, which could be anywhere from $1,500 to $4,000 or more. It depends on your location and the experience of your attorney.
Ways to reduce costs of your prenup
Understand prenups well before your meeting with the lawyer
Don’t get charged by the minute for the attorney to explain to you how prenups work. Go into the meeting with a very good understanding of the laws in your state.
Have a good handle on what you and your partner want to accomplish
“Pre-negotiate” the terms of the agreement before you step foot into the office as best you can. Discuss in depth with your partner what you want to accomplish and agree on how you want things to look in the agreement so your attorneys can spend less time negotiating on your behalf.
Have your finances organized and ready to go
Make sure you fully understand what’s going on with your finances. When your attorney asks questions, make sure you’re prepared to answer any question that comes your way. In addition, make sure the documents you have for each document are prepared and organized for the attorney to review. (Remember, less attorney time spent = less money you pay).
While we're admittedly a bit biased, HelloPrenup offers a convenient and affordable alternative to traditional prenuptial agreements. Our platform provides a streamlined process with transparent flat rates, no hidden fees, and no attorney retainers. You can create a state-compliant prenup online and even have the option to consult with an experienced attorney, all for one predictable price.
Our prices include $599 for the prenup itself and then an additional $699 per attorney. So, if you and your partner both hire an attorney, the total prenup cost will come out to $1,997. This is a fraction of the cost of the average prenup (between $5,000 and $8,000). Even other online prenup platforms are much more expensive than ours!
How HelloPrenup can help reduce prenup costs
While we’re admittedly a bit biased, HelloPrenup offers a convenient and affordable alternative to traditional prenuptial agreements. Our platform provides a streamlined process with transparent flat rates, no hidden fees, and no attorney retainers. You can create a state-compliant prenup online and even have the option to consult with an experienced attorney, all for one predictable price. Our prices include $599 for the prenup itself and then an additional $699 per attorney. So, if you and your partner both hire an attorney, the total prenup cost will come out to $1,997. This is a fraction of the cost of the average prenup (between $5,000 and $8,000). Even other online prenup platforms are much more expensive than ours!
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