How not to do your Prenup
Here’s what we’ve seen too many times: The “traditional prenup process.” One person goes to an attorney to start the prenup process. That person and the attorney talk, and the attorney writes up a draft. Then the fiancée gets an attorney, and that attorney and the fiancée get sent the draft to review. This is the most common process. Where’s the problem?!
Here’s the problem: If you and your fiancée haven’t talked about your needs and goals before the draft was written, these conversations will now happen after a draft has already been written, and with two attorneys doing much of the communication. Edits, edits, edits = hours and hours of attorneys fees. Often complete re-writes of sections. And heartache, often in rushed late night conversations. One or both fiancées give in and settle for something they don’t like. There’s a lingering resentment that stays in the relationship. And a bitter taste in your mouth about the whole process.
This doesn’t have to be you! This is why we made the Prenups with Heart Course. We want to give you the information and tools to go into the Prenup process prepared – to save money and headaches. Prenups easily cost between $7k and $12k, with many costing more. With average California attorneys fees being $300-$500/hour and you both needing separate attorneys, doing a few hours of prep can quickly save you both thousands.
Another approach that is getting more common, but is very risky: The promise of “cheap and fast:” a promise of all you need to do is fill in a simple questionnaire, do a short consult, and your prenup will be done. This is very risky! Whether or not your prenup will be upheld depends on many factors, a key one being on how engaged and thoughtful you both were in the process, and how much the prenup fits your particular lives.
Unless both you and your fiancée are fully engaged in the process, and both you and your fiancée had attorneys in a meaningful way, and you have a draft that takes both of your particular circumstances into consideration, you risk having an expensive piece of paper whose usefulness and enforceability is questionable.
The Prenup process doesn’t have to be hard. And it doesn’t have to be an enormous expense. But, you do want to prepare. And be thoughtful. And choose your process wisely.
This is why we made the Prenups with Heart Course: to give you the tools and information to start the process right.
Yes, I want to save on my Prenup!
Learn how to save time, money and heartache with our Free Guide.