When it comes to getting married, most couples only think about the wedding ceremony and their future together. However, it`s important to also consider the legal aspects of marriage, such as an antenuptial contract.
An antenuptial contract, also known as a prenuptial agreement, is a legal agreement made between two individuals before they get married. This contract outlines how their assets and liabilities will be divided in the event of a divorce or death.
The cost of an antenuptial contract varies depending on several factors, including the complexity of the agreement and the legal fees of the attorney drafting the contract. On average, you can expect to pay between R5,000 and R20,000 for an antenuptial contract.
It`s important to note that the cost of not having an antenuptial contract can be much higher. Without this agreement in place, your assets may be split equally between you and your spouse in the event of a divorce, regardless of how much each of you contributed. This can lead to financial strain and legal battles.
To ensure that your antenuptial contract is drafted correctly and covers all of your needs, it`s best to consult with an experienced attorney. Some attorneys may charge flat rates for drafting the contract, while others may charge hourly rates.
It`s also important to consider the cost of updating your antenuptial contract in the future. If your financial situation changes or you have children, you may need to update your contract to reflect these changes.
In conclusion, while the cost of an antenuptial contract may seem daunting, it`s important to consider the potential costs of not having one. Consult with an experienced attorney to ensure that your antenuptial contract is drafted correctly and protects your assets in the event of a divorce or death.