He added: “The costs vary greatly geographically, but also depending on the practice and reputation of the lawyer. However, it is likely that you and your future spouse should be prepared to spend a similar amount as you would on your basic estate planning documents (trusts, wills, powers, etc.). “According to Barger, a prenup is priceless.” If you want to pay less, you can sacrifice quality – although paying more doesn`t necessarily guarantee quality,” he said. A marriage contract brings clarity to couples about their finances and children in their relationship. It is suitable for both married couples and couples who are about to register their life partnership. After all, it means you`re planning to divorce before you even say I`m doing it. Fair point, but if you consider a marriage contract as another point on your financial to-do list, you can protect yourself from a pessimistic scenario. This fixed price applies in cases where the couple`s assets are less than £1 million. If there are assets above this level, a much more detailed financial study is needed, with the participation of other advisors (e..B g. IFA and pension specialists), and discussions and negotiations may take longer.
If you think this is the case for you, contact Woolley & Co to receive an offer, and we expect that we will be able to agree on a fixed fee after discussing your particular circumstances. Max Barger, regional asset manager at PNC Wealth Management, told Business Insider that he has seen the cost of negotiating and organizing marriage contracts range from three-figure fees to high five-figure fees. “It all depends on what you`re protecting, whether the negotiations are controversial, the quality of the advice you`ve chosen, and the socioeconomic level of the client,” said Barger, based in McLean, Virginia. The price includes the design and modification of the contract as well as time for interviews and advice for you. It assumes that you have accepted the general nature of what you want to do when your relationship ends. If you disagree on any aspect, you need advice that goes beyond the advice provided by the fixed fee. If you think this is the case for you, contact Woolley & Co for a quote. It`s editable as long as you both agree. You would just revoke the previous agreement and create a new one….