5 Conditions in your Prenuptial

These are the 5 conditions in your prenuptial that needs to be met. The Thai prenuptial agreement is commonly agreed upon between couples who have had failed marriages, have dependents from previous marriage or relationship, and also for those who have assets and businesses to protect. This Thai prenuptial agreement is commonly known to all as a “prenup”, an agreement made by the marrying parties before getting married in an event of divorce.

5 Conditions in your Prenuptial

This contract would specify assets that will remain solely of one person or jointly owned. This agreement is not a prerequisite to a marriage but this arrangement is a mutual decision that would give financial security for the couples.

Not all marriages will last forever or ends well. Conflicts may arise in the future when couples decide to end the relationship and commitment. Through and by this agreement, it would avoid issues and conflicts that involve one’s finances. Also, by having a Thai prenuptial agreement drafted, the cost of divorce will be limited as there will be reference on specific details that you are entitled to.

Prenuptial agreements in Thailand has become very common as it gives less stress and peace of mind for marrying parties. It would be easier for them to identify their rights and shares when it comes to assets based with the specified categories on property ownership for couples.

There are two classifications pertaining to property ownership. One, is called Separate properties, which assets are those owned independently by either party. They have sole ownership of the said asset or properties. These properties are and not limited to personal belongings, items, gifts and any inheritance. Two, is Communal properties, which so-called as jointly owned by both. These properties pertain to any acquired asset during the marriage, which exempts gifts or inheritances. By drafting a prenuptial agreement, the asset would not automatically be labeled as conjugal property.

5 Conditions in your Prenuptial

• The contract or agreement made between the marrying parties should be placed into writing.
• It is necessary that each party have their individual lawyer.
• It is a must that the Thai Prenuptial Agreement be signed by the couple in front of two witnesses which has to be discussed and finalized prior to registering their marriage.
• The registration of the Prenuptial Agreement at the district on the date of marriage.
• The agreement cannot include illegal or immoral conditions.

Always take proper legal advice as this website only provides you with a very brief overview of the prenuptial agreements in Thailand. You can see how to search this website for more information and also a contact number if you wish to ask more questions where it is not listed on this website.