A good lawyer resolve all your legal matters. The law regards marriage as a contract between two persons. If a couple does not make a legally binding agreement, the property rights are therefore dependent on the law of the state in which they are resident. Prenuptial agreements allow a couple to establish ownership rights for their marriage. However, marriage contracts must fulfill certain conditions in order to be binding. The lawyer can play an important role, not only in reaching an agreement, but also in a document in court.
Determining the cost of a marriage agreement largely depends on the complexity of your assets and the agreement. In many cases, your lawyer will charge an hourly fee to make a marriage agreement. The cost can range from a few thousand dollars to tens of thousands of dollars, depending on what you need to cover. By contrast, the average cost of an engagement ring is $ 5,978 and the average wedding cost is $ 26,720. Their costs are no more expensive than at ordinary weddings and they provide invaluable financial protection.
The attorney is responsible for drawing up the marriage agreement will establish a well-defined asset protection strategy that reduces the likelihood of financial disputes during the divorce process. In addition, marriage contracts can be used to protect assets in the marriage or business assets that are kept during the marriage. The agreement may also specify whether one of the spouses will make another alimony and determine how the couple will divide the assets accumulated during the marriage, in particular real estate or investment accounts. Hire an attorney before marriage can save individuals from many bad experiences in the future.