Is the Prenuptial a Contract
Is the prenuptial a contract? This is an important question when it comes to your property. This agreement is not a must nor compulsory, but is an option that maybe considered among marrying individuals. When a prenuptial agreement is drafted, it would provide in detail every asset or properties which you wish to personally protect yourself and shared ones at your own discretion.
Is the Prenuptial a Contract
A Thai prenuptial agreement is a contract on paper discussed and arranged by two persons before getting married. It has to be done only before marriage. In Thailand, this agreement agrees the privileges of each from assets and properties if the marriage fails and ends in divorce. A Thai prenuptial agreement has been prepared by most couples to have calmness in relation to their wealth, may it be inherited or hard earned. Being unconscious of what has to be protected would lead to battles and unresolved conflicts when marriage ends.
This agreement is ruled by the Thai Civil and Commercial Code and best to seek assistance from are reputable firm to guarantee that the prenuptial agreement is valid. In Thailand, before entering marriage, one must be emotional ready and financial secured. And it is very important to plan and make your partner secure and well-informed of the possibilities on what will happen if your marriage would fail.
There will be personal properties which are solely owned and also shared properties wherein one will not be walking away empty-handed in case of divorce, especially when you have also dependents. Reasonable prenuptial agreement must specifically state on what will be yours independently and also when it comes to the share of the combined assets.
All are looking into long-lasting marriages, showing dreams and plans of having a permanent union to your loved one is always one’s goal. However, we could never guarantee the future, so when time comes that the last resort is to part ways, then protection of assets will be discussed and decided in the prenuptial agreement. A detailed Thai prenuptial agreement would give an advantage to each party and secure both when it is time to end in divorce. These are the advantages of a prenuptial agreement.
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