diff --git a/model_utils/fields.py b/model_utils/fields.py
index a353f17f..2531edb3 100644
--- a/model_utils/fields.py
+++ b/model_utils/fields.py
@@ -54,14 +54,17 @@ def __init__(self, *args, **kwargs):
         self.check_for_status = not kwargs.pop('no_check_for_status', False)
         super(StatusField, self).__init__(*args, **kwargs)
 
-    def contribute_to_class(self, cls, name):
-        if not cls._meta.abstract and self.check_for_status:
-            assert hasattr(cls, 'STATUS'), \
+    def prepare_class(self, sender, **kwargs):
+        if not sender._meta.abstract and self.check_for_status:
+            assert hasattr(sender, 'STATUS'), \
                 "To use StatusField, the model '%s' must have a STATUS choices class attribute." \
-                % cls.__name__
-            self._choices = cls.STATUS
+                % sender.__name__
+            self._choices = sender.STATUS
             if not self.has_default():
-                self.default = tuple(cls.STATUS)[0][0]  # set first as default
+                self.default = tuple(sender.STATUS)[0][0]  # set first as default
+
+    def contribute_to_class(self, cls, name):
+        models.signals.class_prepared.connect(self.prepare_class, sender=cls)
         super(StatusField, self).contribute_to_class(cls, name)
 
 
@@ -81,9 +84,13 @@ def __init__(self, *args, **kwargs):
         self.monitor = monitor
         super(MonitorField, self).__init__(*args, **kwargs)
 
+    def prepare_class(self, sender, **kwargs):
+        self.monitor_attname = '_monitor_%s' % self.name
+        models.signals.post_init.connect(self._save_initial, sender=sender)
+
     def contribute_to_class(self, cls, name):
-        self.monitor_attname = '_monitor_%s' % name
-        models.signals.post_init.connect(self._save_initial, sender=cls)
+        self.name = name
+        models.signals.class_prepared.connect(self.prepare_class, sender=cls)
         super(MonitorField, self).contribute_to_class(cls, name)
 
     def get_monitored_value(self, instance):