How Much Does A Prenuptial Agreement Cost In Oregon?
The cost of a prenuptial agreement in Oregon does not have a set amount. Different factors determine what the ultimate cost of a prenup will be. The factors include, who writes the document, the cost of an attorney, length of timeto agree to and finalize the terms, and the location of the parties and the agreement. If one or both prospective spouses write and sign a premarital agreement without consulting an attorney, the cost is likely zero.
A couple may write their prenup because Oregon law only requires the agreement to be in writing and signed by both parties. The agreement is a legal contract that must comply with the Oregon law, and in some instances, court rulings. If the parties do not know Oregon laws concerning prenuptial agreements, they may create an invalid and unenforceable agreement. Therefore, it is best to have an attorney write or review the premarital agreement.
Because premarital agreements are made in anticipation of marriage and contemplate divorce, the prospective spouses may need an impartial third party, such as an attorney, to review the terms, conditions, and consequences outlined in the agreement. Attorneys provide legal advice and draft legal documents for a living; therefore, having a lawyer prepare a prenuptial agreement is not a free service. Depending on the experience, knowledge and location of an attorney or law firm, the cost for the legal services may range from several hundred to several thousand dollars. Attorney's fees for handling the negotiation, writing and finalizing a prenuptial agreement may be a flat fee or an hourly rate. For hourly rates, the cost increases the longer it takes to assess each party's property and financial obligations and reach an agreement between the parties to the terms of the prenup.